US REGULATION OF COIN OFFERINGS: REGISTERING YOUR TOKEN
WITH THE SEC

US REGULATION OF COIN OFFERINGS : REGISTERING YOUR TOKEN WITH THE SEC

  • Tyler Salathe
  • Published: 23 August 2019
In our previous article, US Cryptoasset Regulation: Consumer Protections and Cursory Guidance, we outlined the key messages emanating from the CFTC, SEC, and IRS on cryptoassets in the United States. Specifically, the Securities and Exchange Commission (SEC) has released regulatory guidelines that firms need to consider when pursuing an initial coin offering (ICO).

Recently the SEC published it’s first ‘no action’ letter providing concrete guidance to firms seeking to avoid registration requirements with the Commission when conducting ICOs. This article will focus on common structures for digital asset offerings (ICOs, STOs, and IEOs), and the relevant regulations firms should consider when pursuing them.