"There is no such thing as a utility token, as far as the SEC is concerned, nobody has gotten a no action letter from the SEC, the United States Securities Exchange Commission, there are no rules regulations that say there's no such thing as utility token." - Marc Adesso
Dave and Grahm have a new side hustle, Shiny Krabs", a Delaware-based LLC that sells bedazzling kits made especially for pet hermit crabs. After immediate success convincing each other, they decide it's time to raise money for the biz. They have a securities lawyer on the show to get free unofficial legal advice on how to launch an ICO, and along the way they learn one or two things about crypto regulations, the SEC and how a securitized token offering might work. Stay tuned through the end for an exclusive Shiny Krabs lounge jam.‚
Marc Adesso is a securities lawyer, with a reputation of being one of the world's top attorneys in the area of initial coin offerings as well as the budding cannabis industry.
Full Disclosure: None of this should be taken as legal or investing advice. And the Oggsford College study on the impact of social media on hermit crabs is not in fact real.
Distributed Dialogues is a BTC Media-produced podcast on The Let's Talk Bitcoin Network. Visit www.letstalkbitcoin.com for more engaging podcasts and follow us on twitter @DistributedDD.
Music provided by: Trent Ubben and Billy Sly
Episode Sponsors: Butcherbox
Special Offer: Limited time offer! Visit Butcherbox for $20 off your first order and free ground beef for life!
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via The Let's Talk Bitcoin Network https://letstalkbitcoin.com/blog/post/dd-episode-19-shine-on-you-crazy-krabcoin
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