Every time a government releases an official statement regarding cryptocurrency, the alternative investment community holds its collective breath. The SEC recently published a “ Statement on Cryptocurrencies and Initial Coin Offerings ”, authored by SEC Chairman, Jay Clayton. This latest release carries the same moderate tone that we have seen from the SEC in the past. For an organization whose primary objective is to protect the investors under its jurisdiction, this measured response to cryptocurrency is incredibly encouraging. Mr. Clayton makes the SEC’s involvement in cryptocurrencies and ICO’s very clear. “Investors should understand that to date no initial coin offerings have been registered with the SEC… If any person today tells you otherwise, be especially wary”. However, he continues by saying, “I believe that initial coin offerings – whether they represent offerings of securities or not – can be effective ways for entrepreneurs and others to raise funding, including for innovative projects.” The balance that is expressed in this latest statement is admirable. I appreciate the position that the SEC is in regarding this emerging technology and asset class. On one hand, they are responsible for protecting US citizens from fraud, scams and abuse. On the other hand, they do not want to stunt the growth of what is proving to be game-changing technology. Treading with caution in this nascent space is wise. There are certainly individuals who would take advantage of investors if given the opportunity. Yet with those risks comes the opportunity for immense reward. Recognizing the threshold where risk outweighs reward requires a staggering amount of research and due diligence on potential investments. This precarious scale is what led us to create our proprietary vetting methods, to identify legitimate projects and companies in the blockchain space. For more information about our services, please contact us here.

Every time a government releases an official statement regarding cryptocurrency, the alternative investment community holds its collective breath.

The SEC recently published a “Statement on Cryptocurrencies and Initial Coin Offerings”, authored by SEC Chairman, Jay Clayton. This latest release carries the same moderate tone that we have seen from the SEC in the past. For an organization whose primary objective is to protect the investors under its jurisdiction, this measured response to cryptocurrency is incredibly encouraging.

Mr. Clayton makes the SEC’s involvement in cryptocurrencies and ICO’s very clear. “Investors should understand that to date no initial coin offerings have been registered with the SEC… If any person today tells you otherwise, be especially wary”.

However, he continues by saying, “I believe that initial coin offerings – whether they represent offerings of securities or not – can be effective ways for entrepreneurs and others to raise funding, including for innovative projects.”

The balance that is expressed in this latest statement is admirable. I appreciate the position that the SEC is in regarding this emerging technology and asset class. On one hand, they are responsible for protecting US citizens from fraud, scams and abuse. On the other hand, they do not want to stunt the growth of what is proving to be game-changing technology.

Treading with caution in this nascent space is wise. There are certainly individuals who would take advantage of investors if given the opportunity. Yet with those risks comes the opportunity for immense reward.

Recognizing the threshold where risk outweighs reward requires a staggering amount of research and due diligence on potential investments. This precarious scale is what led us to create our proprietary vetting methods, to identify legitimate projects and companies in the blockchain space.

For more information about our services, please contact us here.

Disclosure:

As of the publication date of this report, BitBull Capital Management LLC and its affiliates (collectively “BitBull”), others that contributed research to this report and others that we have shared our research with (collectively, the “Investors”) may have long or short positions in and may own options on the token of the project covered herein and stand to realize gains in the event that the price of the token increases or decreases. Following publication of the report, the Investors may transact in the tokens of the project covered herein. All content in this report represent the opinions of BitBull. BitBull has obtained all information herein from sources they believe to be accurate and reliable. However, such information is presented “as is,” without warranty of any kind – whether express or implied.

This document is for informational purposes only and is not intended as an official confirmation of any transaction. All market prices, data and other information are not warranted as to completeness or accuracy, are based upon selected public market data, and reflect prevailing conditions and BitBull’s views as of this date, all of which are accordingly subject to change without notice. BitBull has no obligation to continue offering reports regarding the project. Reports are prepared as of the date(s) indicated and may become unreliable because of subsequent market or economic circumstances.

Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This report’s estimated fundamental value only represents a best efforts estimate of the potential fundamental valuation of a specific token, and is not expressed as, or implied as, assessments of the quality of a token, a summary of past performance, or an actionable investment strategy for an investor.

This document does not in any way constitute an offer or solicitation of an offer to buy or sell any investment or token discussed herein.

The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond BitBull’s control. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on all tokens discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.

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