Marco Santori, the president and chief authorized officer of Blockchain, discusses this week’s huge regulatory information — the SEC’s steerage on preliminary coin choices and its first no-action letter. We speak about what steerage really means and the way a lot weight it has in court docket, how a lot readability this steerage really introduced, and the way the framework may have an effect on additionally future makes an attempt at future fundraising/token distribution occasions and airdrops. We additionally cowl the no-action letter and the methods wherein the token of TurnKey Jet, which obtained the no-action letter, is sort of completely different from most different crypto-tokens and the way useful that instance is for crypto tasks.
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CipherTrace: http://ciphertrace.com/unconfirmed
Episode hyperlinks:
SEC steerage: https://www.sec.gov/recordsdata/dlt-framework.pdf
No-action letter: https://www.sec.gov/divisions/corpfin/cf-noaction/2019/turnkey-jet-040219-2a1.htm
Marco Santori: https://twitter.com/msantoriesq
SAFT white paper: http://saftproject.com/#saft-whitepaper
Article on SAFT white paper: https://www.forbes.com/websites/laurashin/2017/10/02/are-icos-for-utility-tokens-selling-securities-prominent-crypto-players-say-yes/
Extra on the no-action letter: https://www.coindesk.com/sec-issues-first-ever-no-action-letter-clearing-ico-to-sell-tokens-under-us-law
https://www.coindesk.com/secs-first-crypto-no-action-letter-took-11-months-to-secure
Letter from TurnKey Jet prompting the no-action letter: https://www.sec.gov/divisions/corpfin/cf-noaction/2019/turnkey-jet-040219-2a1-incoming.pdf
Unchained episode with SEC Commissioner Hester Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/
