SEC Issues First ‘No-Action’ Letter Clearing ICO to Sell Tokens in US

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The U.S. Securities and Exchange Commission (SEC) has issued a "no-action" letter to TurnKey Jet, Inc., agreeing that tokens used by the startup are not securities.

via CoinDesk https://www.coindesk.com/sec-issues-first-ever-no-action-letter-clearing-ico-to-sell-tokens-under-us-law