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RE: The SEC determines ICOs are Securities. Short Summary.
The really absurd thing is THE DAO was not a US security. Our government does this, it somehow claims international jurisdictions beyond its own borders. Really silly.
The good thing is, this is government. The DAO is long-gone and look how fast it took regulators to issue a single report saying the DAO was a security.
At this rate, the DAO might fall under regulatory crack-down come July 2018, 2 years after it got hacked and went bust.
Yeah, I actually think the insane and slow rules of America (protecting customers from investing in securities, but allowing penny stocks, where more people loose money ¯_(ツ)_/¯) have their own pros and cons. I'm actually more worried by what other governments, especially Singapur and Switzerland might do after this. For all its maladies America is the place to look at for innovation and to copy, at least for now.