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Cryptoinna
- Nickel Bitcoiner
- Posts: 25
- Joined: Tue Jun 13, 2017 10:31 am
Why ICO is not legal in USA?
Is it due to lack of regulations?
Re: Why ICO is not legal in USA?
Are you referring to the BATS exchange Bitcoin ETF?
The SEC's main reason for denying the request to create the ETF was that the existing Bitcoin market doesn't have enough (if any) regulation and the SEC can influence or impose any regulations to ensure the safety of the investment for investors.
It's a disappointment, but doesn't hold back the growth of Bitcoin much. It just eliminated an adoption accelerator which would have been exposing Bitcoin to the investment demand volume that exists on Wall St. It's not that these investors can't buy Bitcoin through traditional channels (as all of us have) but that these investors may not be ready to venture out on their own. The ETF would have made it easier for investment banks to include the investment in product portfolios for corporate retirement plans and other tax-friendly accounts.
The SEC's main reason for denying the request to create the ETF was that the existing Bitcoin market doesn't have enough (if any) regulation and the SEC can influence or impose any regulations to ensure the safety of the investment for investors.
It's a disappointment, but doesn't hold back the growth of Bitcoin much. It just eliminated an adoption accelerator which would have been exposing Bitcoin to the investment demand volume that exists on Wall St. It's not that these investors can't buy Bitcoin through traditional channels (as all of us have) but that these investors may not be ready to venture out on their own. The ETF would have made it easier for investment banks to include the investment in product portfolios for corporate retirement plans and other tax-friendly accounts.
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