Silicon Valley-based venture capital firm a16z Crypto, the crypto arm of Andreessen Horowitz, issued a stern warning on April 25 to startup founders considering token sales in the United States.
The advisory comes amidst growing regulatory scrutiny and enforcement actions by the US Securities and Exchange Commission (SEC).
“The SEC argues that nearly every token should be registered under US securities laws,” commented a16z Crypto’s general counsel Miles Jennings.
Launching a token can be as easy as sending an email.
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