shellbound1

Thank you for the response. Could you see this affecting sellers in secondary markets? Most that purchased DAO tokens likely went on to sell them in secondary markets. Would their role as a seller be applied to Section 5?

I think these are also important questions to consider. The valuation of a token is affected if you can't later sell it without commiting securities fraud. I really hope this is not the case.

The SEC notice also mentions buyers violating some Section 5. Does that mean that buyers are also at risk here for simply purchasing some tokens that were later found to be unregistered securities? That seems rather chilling.

The report also seems to mention buyers violating some Section 5. Does this mean that even so much as buying a token (edit: later found to be a security) could potentially land you in legal trouble?