Now we understand the value of our data. So what do we need in order to capture this content, safeguard it, and have exclusive rights to monetize it for themselves? Well, a bank of course.
Can we use blockchain (as a relational framework) to secure our digital avatars and reclaim our information for our own ends? Or is assimilation into the Google/Facebook/Amazon mainframe inevitable and resistance futile?
Apart from a clarification on the Third Howey Factor, we are unlikely to get much clarity on the nuances of a token sale that would strictly remove it from the definition of a securities offering.
Most of the complaint pretty much boils down to this allegation: “There was, simply, nothing to purchase with Kin at the times Kik sold the tokens through September 26, 2017.”
This week the Securities Exchange Commission (SEC) charged the co-founders of the CTR token (Centra Tech. Inc.) with violating anti-fraud and registration provisions of federal securities laws.
Just about every securities lawyer in the info tech space, including myself, has watched with no small amount of sweat for the SEC’s response to the explosion of the ICOs as a quasi-investment vehicle.
