When Does a Crypto Token Or Coin, Become A Security?
Summary: Can a digital asset that was originally offered in a securities offering ever be later sold in a manner that does not constitute an offering of a security?” In cases where the digital asset represents a set of rights that gives the holder a financial interest in an enterprise, the answer is likely “no.” In these cases, calling the transaction an initial coin offering, or “ICO,” or a sale of a “token,” will not take it out of the purview of the U.S. securities laws.
As of 6/16/2018. The US SEC, has halted ALL we believe to be temporary the purchase of Bitcoin, until further notice. Genesis Mining Legal Department, is working with the SEC to resolve this as quickly as possible. Until then continue to protect your families by purchasing gold and silver. The Bitcoin contracts that were purchased prior to the stoppage will continue paying daily passive income according to the contracts and hashpower purchased. Please watch the latest SGG webinar with Mr. Bill Rowell CEO of SGG and Ms. Claudia Eifert, On the Webinar Page.