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RE: The WAR on Cryptocurrency Is Heating Up: TODAY Chinese Government Bans ALL ICO's In China. Like The "Land Of The Free" Whats Next? Is This For Our Own Good?

in #cryptocurrency7 years ago (edited)

The "Land of the Free" already banned all ICO's. They were illegal to begin with, because many wont ever past the Howey Test, just people are too legally uninformed to know about it.

How does the government ban something already illegal? All they can do is enforce the laws that are already established. Enforcement is what we have not seen in the USA... why? Bureaucracy. It takes them time to figure this out. When they begin enforcing the laws, projects like TenX will be enforced as illegal in the US. They are already illegal and have been illegal.

This is one of the main reasons, many ICO's do not allow US investors. They know, that it would be illegal for them to sell public securities to US citizens according to SEC regs. Plus other states already have laws such as New York, making ICO's doubly illegal.

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Yes you are right of course. Thanks for commenting and clarifying.
I haven't check in on your posts in a while as I have been so busy but I have always really respected and appreciated our contributions.
Thanks again. Hope to see you around soon!