Kendall AlmericoKendall Almerico
““One of the top Crowdfunding & JOBS Act attorneys in the countryOne of the top Crowdfunding & JOBS Act attorneys in the country””
CROWDFUNDING AN ICO
WITHOUT GETTING IN TROUBLE
“Top Crowdfunding Expert Every Startup Needs To Know”
“One of the Top Crowdfunding Attorneys in the Country” “Number One Crowdfunding Influencer In The World”
One of the Most Influential Leaders in Crowdfunding
Quoted and interviewed in USA Today,
Washington Post, Forbes, Bloomberg, CNN,
Huffington Post, Fox Business News, New York
Daily News, and more.
Attorney with 30 years experience starting and
growing businesses, raising capital and
getting products to the market
Wrote about Crowdfunding for Entrepreneur.com
2017 Initial Coin Offerings: Minting Money Like
2017: $5 billion in new capital from just over 700 ICOs!
Raise capital online through a form of crowdfunding
without giving away any equity in your company by selling
a cryptocurrency or token!
Sell to anyone – not just accredited investors and accept Bitcoin
No rules or regulations. Just set up a website and get rich!
Oops! We “Forgot” To Follow Securities Laws
"I believe every ICO
I've seen is a security"
SEC Chairman Jay Clayton
SEC has issued numerous
State regulators have filed
Class action lawsuits have
SEC has hundreds of ICOs
on their radar
A Closer Look At The “Record Breaker”
“One of the worlds largest cryptocurrency mining pools”
“There are concerns that VIAT could be an unregistered security per China’s securities
“ViaBTC has a substantial connection to Bitmain. Bitmain has already been outed
for questionable financial stability and, possibly, illegal activity—it announced that it
was backed by several banks when it wasn’t and, according to internal documents, lied
about its finances to investors“
To The Rescue!
An ICO may use the JOBS Act - Regulation A+,
Regulation D and Regulation CF
to raise capital online by selling equity
Must treat the token sold as a security and
follow federal and state law
Because of the prior unregulated sales and possible
fraud – doing an ICO is still very risky without
proper legal and regulatory guidance