Kudos to @HesterPeirce for proposing a safe harbor- manna for the starving fundraisers. A few keystone questions: how should "#networkmaturity" (perhaps a better gloss on "reliance on the efforts of others" than "#decentralization") be measured?
@HesterPeirce if /when an existing security emerges through the #networkmaturity test, should it no longer be traded on an #ATS/NSE? What's the transition plan for the magical day when the security- nymph throws off its shell to emerge a beautiful non -security instrument?
@HesterPeirce transparency and disclosure are critical to our securities regime; the disclosure contemplated (based on reports from the speech) would be a massive improvement. However, most investors can't read code. Should third party audits be part of this disclosure? What scope audits?
@HesterPeirce If history's a guide, most projects raising via token will not have code ready when they fundraise. How often must code disclosures be updated?
@HesterPeirce What happens when a team hits a wall and wants to iterate/change the project?
@HesterPeirce It's exciting to hear about serious proposals to make fund raising by token sale work in the US. I'm sick of hearing people say that the best strategy is to avoid the US. Nonsense. We have the best economy, best businesses & best people. We should lead. Thank you @HesterPeirce
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