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GUEST: News broke this week that the SEC has been issuing a large number of subpoenas to Initial Coin Offering (ICO) issuers, targeting technology companies, and their investors and advisors. Generally, subpoenas are the guided missiles of SEC enforcement actions. While the SEC has been making noises about the illegality of ICOs for months, issuers […]
GUEST: Unregulated initial coin offerings (ICOs) stormed onto the scene in 2016 and early 2017, raising the collective eyebrows of the entrenched VC community. It was in this context that SAFTs, simple agreements for future tokens, were introduced. SAFTs have been hailed in the U.S. as a solution to the murky regulatory status of ICOs […]
