Epicenter – Podcast on Blockchain, Ethereum, Bitcoin and Distributed Technologies

#198 Nick Morgan: The DAO, the SEC and the ICO Boom

Epicenter – Podcast on Blockchain, Ethereum, Bitcoin and Distributed Technologies

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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 SEC
  • Nick’s years as a trial attorney at the SEC
  • How the Howey Test is used to determine if something is a security
  • The application of the Howey Test to the DAO case
  • The weaknesses in their argument that token holders relied on the effort of others
  • Why the SEC did not prosecute the Slock.it founders
  • Why the SEC will likely focus on token sales involving fraud
  • How the SEC’s limited resources will make it hard for it to impact the ICO boom
  • The implications of the SEC report for cryptocurrency exchanges

Episode links:

This episode was hosted by Brian Fabian Crain & Sébastien Couture, and is availble on YouTube, SoundCloud, and our website.

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