parsing the SEC's "Turnkey Jet" no action letter
|Apr 4||Subscriber's post|
Your daily snapshot from the OnChainFX markets dashboard.
Unpacking the SEC’s new ICO guidance.
The writing has been on the wall for a while: the SEC is not a fan of “Initial Coin Offerings” and has long hinted that most were likely illegal, unregistered sales of securities to unaccredited investors (e.g. the Munchee, Paragon, Airfox rulings).