The SEC recently chose not to label Bitcoin and Ethereum securities, leaving two clear paths exist for establishing a legal blockchain tokens: fair-launch (like Bitcoin mining); and decentralizing control over time (like Ethereum). Current US law makes it impossible to follow the Ethereum path because coin offerings are illegal. The standard venture capital equity raise model notwithstanding, this leaves zero investment as only other legal path start a cryptocurrency. Achieving distribution a...

The SEC recently chose not to label Bitcoin and Ethereum securities, leaving two clear paths exist for establishing a legal blockchain tokens: fair-launch (like Bitcoin mining); and decentralizing control over time (like Ethereum). Current US law makes it impossible to follow the Ethereum path because coin offerings are illegal. The standard venture capital equity raise model notwithstanding, this leaves zero investment as only other legal path start a cryptocurrency. Achieving distribution a...