08.2017
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08.2017
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General News
Joe Cutler was quoted in the Fund Technolgy article, "SEC Takes a Stab at Blockchain," regarding digital currency and cyber security.
“I think the Ethereum hack underscores the risks of participating in these new fundraising ventures,” Joe Cutler said. “I would rather the vulnerabilities, risk and potential limitations of blockchain technology be ironed out early than at a time when it’s so big and dangerous it’s catastrophic, in say 20 years from now when it brings down a stock exchange.”
The SEC’s latest ruling on ICOs and digital tokens is one step toward ensuring that what happened with CoinDash will not see a repeat offense, according to Cutler. “An ICO has a really hard time complying with SEC guidelines for unregistered security sales,” he said.
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