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SEC Sweep Might Herald Progress in the ICO Market
The SEC sweep of ICOs does not mean that the regulator is taking issue with the concept of the Sale of Future Tokens (SAFT) per se, but rather with several specific issues that have become associated with the structure. David Weisberger explains important principles of securities laws that many SAFT launches and public ICOs potentially violate. Taken as a whole, adherence to these principles could create a better market for both entrepreneurs and investors, he argues.
