Jared Marx is an attorney at Washington, DC law firm Harris, Wiltshire & Grannis. He advises companies about bitcoin-related regulatory law and represents companies and individuals in civil and criminal proceedings. Here, he discusses why securities law is problematic for bitcoin 2.0 companies operating in the US.
It is now almost commonplace to see a crypto 2.0 company raise development capital by pre-selling tokens to be used in their proposed project.
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