📑 SEC Report on The DAO

On July 25, 2017, the U.S. Securities and Exchange Commission (SEC) issued a report indicating that tokens offered and sold by a "virtual" organization known as "The DAO" were securities and therefore subject to federal securities laws. The report was issued to create a precedent and inform the public that similar future offerings would be considered securities sales and would need to comply with federal securities laws. Be aware that shitcoin industry is not a freedom technology. "Crypto" is just a way for token creators and influencers to replace banksters, politicians and tradefi crooks.