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SEC Find The DAO Issued Securities, Implies Its Coders Are Liable, But No Enforcement Action

26/07/2017 11:31
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The US Securities and Exchanges Commission has released an 18 pages long investigatory report which concludes the DAO itself issued securities. The SEC says:

“The DAO, an unincorporated organization, was an issuer of securities, and information about The DAO was “crucial” to the DAO Token holders’ investment decision…

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