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 exchangesSEC Press Release on The DAOSEC Report on Investigation of The DAOSeven Takeaways from the DAO Report - Kyle MitchellEB134 – Emin Gün Sirer And Vlad Zamfir: On A Rocky DAONicolas Morgan WebsiteThe DAO Report: Understanding the Risk of SEC Enforcement - CoinDeskThis episode is hosted by Brian Fabian Crain and Sébastien Couture. Show notes and listening options: epicenter.tv/198