SEC subpoenas show the SAFT approach to token sales is a bad idea

GUEST: News broke this week that the SEC has been issuing a large number of subpoenas to Initial Coin Offering (ICO) issuers, targeting technology companies, and their investors and advisors. Generally, subpoenas are the guided missiles of SEC enforcement actions. While the SEC has been making noises about the illegality of ICOs for months, issuers and […]