What kind of regulation do you think would come? ICOs are already restricted in the us to accredited investors (if i understand correctly). Do you see something beyond this?
The majority of ICOs are not restricted to accredited investors.
There will be penalties for failure to register securities, for failure to meet reporting and other registered securities requirements, and shareholder clawback lawsuits.
and how exactly are they going to enforce these rules? Do you think the SEC is going to zimbabwe, congo or some other backwater country to tell these people to stop issuing ICO lol? The US federal government is not the policeman of the world my friend.
People who are doing ICOs will just move to where they can have their business be successful. If USA/Europe or Asia ban ICOs then all the devs will just move to another country where it is legal, maybe russia?
I haven't been following closely, recently, but literally the first one I checked has no check on residency [0], which is enough to bring it under SEC jurisdiction if the sale goes over other thresholds.[1]
Sales before and after the bulletin are subject to the same laws.
It was totally legal for US residents to participate, as far as I know. I believe almost all the securities-law obligations resulting from the sale are on Tezos. (Not a lawyer.) The only obligation on buyers might be that they can't resell it without being guilty of selling an unregistered security themselves.
