Marco Santori, the president and chief authorized officer of Blockchain, discusses this week’s huge regulatory information — the SEC’s steering on preliminary coin choices and its first no-action letter. We discuss what steering really means and the way a lot weight it has in courtroom, how a lot readability this steering really introduced, and the way the framework might have an effect on additionally future makes an attempt at future fundraising/token distribution occasions and airdrops. We additionally cowl the no-action letter and the methods wherein the token of TurnKey Jet, which acquired the no-action letter, is sort of totally different from most different crypto-tokens and the way useful that instance is for crypto initiatives.

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CipherTrace: http://ciphertrace.com/unconfirmed

Episode hyperlinks:

SEC steering: https://www.sec.gov/files/dlt-framework.pdf

No-action letter: https://www.sec.gov/divisions/corpfin/cf-noaction/2019/turnkey-jet-040219-2a1.htm

Marco Santori: https://twitter.com/msantoriesq

Marco’s tweet storm on the steering and no-action letter: https://twitter.com/msantoriESQ/status/1113458502264074246

SAFT white paper: http://saftproject.com/#saft-whitepaper

Article on SAFT white paper: https://www.forbes.com/sites/laurashin/2017/10/02/are-icos-for-utility-tokens-selling-securities-prominent-crypto-players-say-yes/

Extra on the no-action letter: https://www.coindesk.com/sec-issues-first-ever-no-action-letter-clearing-ico-to-sell-tokens-under-us-law

https://www.coindesk.com/secs-first-crypto-no-action-letter-took-11-months-to-secure

Letter from TurnKey Jet prompting the no-action letter: https://www.sec.gov/divisions/corpfin/cf-noaction/2019/turnkey-jet-040219-2a1-incoming.pdf

Unchained episode with SEC Commissioner Hester Peirce: https://unchainedpodcast.com/sec-commissioner-hester-peirce-come-talk-to-the-sec/



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