• Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).
    Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).
    United States

    SEC issues first no-action letter to an ICO issuer

    While not binding, the SEC staff’s opinion sends a strong sign that the ICO will be approved

    April 3, 2019 /

    The Securities and Exchange Commission’s Division of Corporation Finance Wednesday issued its first “no-action” letter informing a would-be ICO producer that it did not consider its tokens securities and would not recommend enforcement action against it for proceeding with the sale.

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