Aug 31, 2017
John Gotts of Stokens.com and Michael Taggart of Bitshares offer
a revealing, shocking, and downright scary analysis of the current
climate of SEC regulation and the coming crackdown on ICOs (initial
coin offerings). The Howie Test, created in the 1940s, shows that
many ICOs and blockchain based companies may be headed for a
problem with the SEC (securities and exchange commission) because
their ICOs may be classified retroactively as a security offering,
and therefore in violation of federal laws in the United
John & Michael have created a self-regulating body, called TXSRB.org (Token Exchange Self Regulating Body) that hopes to ‘fix' broken or non compliant blockchain asset companies that may be headed for legal trouble.
This podcast is a MUST LISTEN not only for blockchain companies, but for any investor, miner, or hodler in the crypto space.