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RE: US SEC Ruling on the DAO May Have Chilling Effect on ICO Investment
I doubt it will prevent frauds and scams it will just increase the burden for genuine ICOs that operate in the US. Fraudsters will likely not care either way.
Last I checked most of these "scams" were done by the likes of the big banks. And very few did any jail time but they skimmed some of their profits for a trivial fine.
Yes they do it all the time. Occasionally a low level person will get into trouble but the people higher up rarely get in any trouble.