What the SEC's Framework for Digital Assets Means for ICOs

The video discusses the legal considerations of ICOs, focusing on whether they are securities under U.S. law. It explains the Howey Test, a key legal framework for determining if a digital token is an investment contract. The video also covers recent trends in ICOs, noting a decline in offerings due to regulatory concerns. It highlights the SEC's role in providing guidance through frameworks and no action letters, which clarify conditions under which ICOs might not be considered securities.

In what ways has the perception of ICOs changed over the past two years according to the speaker?

What does the SEC's no action letter indicate about the regulatory stance on certain digital tokens?