Article after article about ICOs cite the imminent "threat" of the SEC stepping in and "interfering" in the ICO wild west frenzy, provoked by the question of whether or not ICO tokens are sufficiently "security-like" for the SEC to impose regulatory oversight-slash-control.
My question for forum members: the SEC is a US agency whose jurisdiction is presumably, limited to the US, though international agreements may extend that jurisdiction to some degree. Since ICOs are internet based, not national-boundaries based, does the SEC really have the authority to assert regulatory authority over ICOs? And to the extent that ICOs are associated with business entities that are established by legal filings in some jurisdiction somewhere, is it possible to find a jurisdiction beyond the reach of the SEC?
My question for forum members: the SEC is a US agency whose jurisdiction is presumably, limited to the US, though international agreements may extend that jurisdiction to some degree. Since ICOs are internet based, not national-boundaries based, does the SEC really have the authority to assert regulatory authority over ICOs? And to the extent that ICOs are associated with business entities that are established by legal filings in some jurisdiction somewhere, is it possible to find a jurisdiction beyond the reach of the SEC?
