ICOs with Similar Structure as DAO Need to Be Compliant.
After SEC's ruling about ICO's many leaders of companies connected with Blockchain technologies expressed their own opinions of how this affects the future of ICOs.
The report stated that DAO ICO violated the laws while launching the ICO and now currency ICOs should be considered as securities.
According to Ari Mellich, Decentraland Project Lead, the SEC decision won't affect the cryptocurrency market in general.
Arnold Spencer, Coinsource General Counsel, stated that the decision will result in significant fallout for the companies with similar structure with DAO as the process of registering ICOs as securities is quite expensive and complicated.
What do you think, how will SEC ruling affect the markets?