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Blog Post | Timely Disclosure

SEC Concludes that Slock.It’s DAO Digital Currency Tokens are Securities

Fasken
Reading Time 1 minute read
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On July 25, 2017, the United States Securities and Exchange Commission (SEC) issued a report of investigation (Report) concluding that the digital currency “tokens” sold by DAO (DAO Tokens) in a 2016 initial coin offering (ICO) are securities for purposes of federal United States securities laws. This conclusion could have far-reaching implications for businesses that... Continue Reading

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