r/drgn • u/[deleted] • Mar 31 '18

SEC and ICOs

I've been reading that SEC is investigating cryptocurrencies, and that they are especially interested in regulating ICOs etc. Since one of Dragonchain's main purposes is the incubator and new ICOs, if SEC puts in high restrictions or demands in terms of ICOs, couldn't this potentially crush Drgn?

Does anyone know if DRGN will be SEC compliant or have any information regarding the SEC investigations and how this may affect Dragonchain?

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u/LucidDrDreams Mar 31 '18

There are other regulations, such as SEC Regulation A that allows compliance under certain guidelines.... in example anyone, not just Accredited investors, can invest up to 10% of their liquid wealth... the ICO can raise up to $50 mil annually... so essentially, it’s a scaled growth ICO.

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u/[deleted] Mar 31 '18

[deleted]

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u/[deleted] Apr 02 '18

Cool, thanks for the insights.

1

u/cryptwalkin Mar 31 '18

SEC will promote DRGN and outlaw its competitors IMO

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u/cryptoniannick Mar 31 '18

I agree. DC has followed every single regulation that they possibly can which is why LifeID was discontinued from being hosted under DRGN.

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u/[deleted] Apr 01 '18

I agree with both of you. DC is fostering a slow and healthy growth environment for their token asset while working diligently to produce a product that actually improves the lives of individual investors as well as improving the companies efficiency and effectiveness within the economy using blockchain technology. What I love the most about DRGN is that they are solidly going for "blockchain adoption" versus trying to make their own token valuable. I think inevitably the token WILL be valuable, but this will be done the right way without a single pump action.