Crowdfunding ECO Town Hall Ask to Join

U.S. Rep. Warren Davidson, R-Ohio, said he wants to see “regulatory clarity” in the cryptocurrency market during a discussion with industry experts and lawmakers. 

http://www.govtech.com/policy/Lawmaker-Says-Cryptocurrencies-Need-Light-Touch-Regulation.html 

Some key takeaways: 

(TNS) — U.S. Rep. Warren Davidson said he wants to see “regulatory clarity” in the cryptocurrency market after a discussion with industry experts and lawmakers.

Davidson, R-Ohio, indends to introduce a House bill that would offer what he calls a “light-touch” regulation of the burgeoning and complex cryptocurrency market, which he discussed at Tuesday’s “Legislating Certainty for Cryptocurrencies” roundtable with fellow lawmakers and representatives from nearly 50 from finance firms and cryptocurrency businesses. ...

Davidson said offering regulation will offer foresight — which will solve problems and avoid harm — in an industry where innovations in the cryptocurrency technology blockchain “have outpaced current law and court decisions.”

“With a thoughtful, bipartisan approach that protects consumers, advances free market solutions, and defines safe-harbors for the earliest stage innovators, Congress can send a powerful message around the world that the U.S. is the best destination for ICO markets,” he said.

Europe has become a haven for cryptocurrency companies as they’re locating to regulation-friendly countries, like Malta and Switzerland, which are writing the rules for the industry to operate, according to Bloomberg.com. The market in the United States right now is small, but Davidson said it’s roughly a $500 billion industry where “Bitcoin itself is almost half of that.”

“The Swiss have put a framework in place that is driving capital flows there, so there’s certainty,” he said.

The concern in the United States, Davidson said, is fraud. There’s uncertainty if what these ICOs are going to be securities, or if they are actually commodities.

“We have to protect consumers,” he said.

Fully article: 

http://www.govtech.com/policy/Lawmaker-Says-Cryptocurrencies-Need-Light-Touch-Regulation.html 

Some data driven conclusions about the state of the ICO  

Collectively, ICOs of 2018 have already raised $11,690,981,663 of investments, which is 10 times bigger than the cumulative sum of investments from ICOs of Q1-2 2017. Excluding EOS, the cumulative amount of funding received from ICOs of Q1-2 2018 is 6.4 times bigger than the one of Q1-2 2017 ....

Read full article on Forbes...

https://www.forbes.com/sites/jeffreytucker/2018/08/18/despite-what-you-hear-the-ico-is-not-rip/#537d24033192 

An interesting topic posted on CoinList ...

https://coinlist.me/news/bitcointalk-the-reddit-for-cryptocurrencies

SharesPost Announces Launch of ATS for Secondary Trading of Security Tokens

SharesPost CEO Greg Brogger said, “This is a landmark moment for SharesPost. SharesPost Financial Corp. is one of the first online marketplaces that can support trading of security tokens in compliance with existing securities laws. We are excited to soon be enabling the more than 50,000 accredited investors registered on the SharesPost platform, who have been investing in leading private technology companies for years, to now also participate in the emerging tokenized securities asset class.” 

Full press release: 

https://www.prnewswire.com/news-releases/sharespost-announces-ats-for-secondary-trading-of-security-tokens-300647835.html?c=y 

Also:

SEC Gives SharesPost Approval For Secondary Trading Of Security Tokens
https://www.valuewalk.com/2018/05/sharespost-token-offerings-icos/ 

CfPA's Darren Marble (of CrowdfundX) interviewed re: #ICO and #STO 

What’s the Difference Between a Regulated ICO and an STO? by Christina Comben

“There’s a small number of con artists and scammers ruining it for everyone else. No company ever can guarantee 100 percent return on investment. That’s a red flag; that’s the very definition of a scam,” says Darren Marble, CEO of CrowdfundX. 

CrowdfundX is a fintech marketing firm that has spent the past three years marketing regulation A+ IPOs to the New York Stock Exchange and the Nasdaq.

And since he so kindly brought the STO acronym to our attention for the first time, it’s only fitting to let him explain it in greater detail in his own words.... 

See: https://themerkle.com/whats-the-difference-between-a-regulated-ico-and-an-sto/  

Any comments? 

#d...@...io