The US’ sweeping legal
definition of securities and the expensive use case
demonstrations are deterring some blockchain companies from
operating in the US. The emergence of consumer tokens as
another way of classifying non-security tokens could be the
According to Will Munsil, ecosystem
designer and strategy architect at blockchain company
Sweetbridge, licensed financial products and services have to
work with partners and companies must navigate expensive
procedures to demonstrate use cases to the regulator. This is
forcing many blockchain companies to exclude US investors.
"We have to take into account securities
laws and went around the world for legal advice," Munsil said.
"We only sell in countries we are confident with and have
excluded several countries because of the regulators, including
the US, and continue to work alongside US regulators. But we
are not there yet."
The location of the blockchain company is important, but the
most important thing...