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RE: ICOs are not for US Citizens? Should ICOs reject self proclaimed US Citizens as a way to reduce legal and regulatory risk?
Excellent post Dana - used it on Fakebook as reference with this prelude and then linking to this post ;-)
The crypto world has already elements of self-regulation which include measures to protect themselves from the monsters that the federal reserve system has created and/or is leveraging (like pentagon, SEC, IRS and the corrupt congress and elite in the District of Columbia)
I'm for self regulation and self defense from a perspective of a developer and user. In terms of developers protecting themselves from regulatory risks coming from the SEC? The easy way is to exclude US citizens and suddenly the SEC loses all moral and legal jurisdiction. In terms of the IRS that is not really the business of developers, but developers can help users report their earnings so that users can lower their risks from the IRS. The IRS owes us some clarity though.
The best way to reduce the risk of external regulators is to make their services unnecessary by regulating yourself.