What the SEC Thinks of ICO Bounty Programs
A few months ago, I wrote an article discussing whether airdrops may violate the U.S. securities laws. At the time the article was published, the SEC had not yet spoken out about airdrops nor had penalized any blockchain company for giving away free tokens. In the past, the SEC has brought enforcement actions against companies that gave away stock for free when the primary purpose was to further their own economic interests, rather than for reasons of pure generosity. Recentl