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Nick Morgan, a former attorney at the SEC, joined us to discuss their recent report on the DAO and what it means for the ICO boom.
Topics covered in this episode:
The history and mandate of the SECNick’s years as a trial attorney at the SECHow the Howey Test is used to determine if something is a securityThe application of the Howey Test to the DAO caseThe weaknesses in their argument that token holders relied on the effort of othersWhy the SEC did not prosecute the Slock.it foundersWhy the SEC will likely focus on token sales involving fraudHow the SEC’s limited resources will make it hard for it to impact the ICO boomThe implications of the SEC report for cryptocurrency exchanges Episode links:
SEC Press Release on The DAO SEC Report on Investigation of The DAO Seven Takeaways from the DAO Report - Kyle Mitchell EB134 – Emin Gün Sirer And Vlad Zamfir: On A Rocky DAO Nicolas Morgan Website The DAO Report: Understanding the Risk of SEC Enforcement - CoinDesk This episode was hosted by Brian Fabian Crain & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.
