Since the advent of Initial Coin Offerings, promoters have sought to sell their tokens through various “funding portals,” the majority of which have ignored or skirted equity crowdfunding regulation. But, as with everything in cryptocurrency, there is significant grey area when crowdsourcing a token sale.
Are aggrieved Initial Coin Offering investors resigned to their fate, or is there another reason? A rational legal analysis would suggest the existence of something other than investor apathy. With the SEC contemplating creating a “safe harbor” for Initial Coin Offerings, it is indeed a postulate worth investigating.