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Can I raise money through an initial coin offering (ICO) without violating securities laws in Oregon? What are the requirements?

Requirements for Raising Money through an Initial Coin Offering (ICO) in Oregon

To raise money through an initial coin offering (ICO) in Oregon without violating securities laws, you must comply with the state and federal securities laws. The requirements for ICOs can vary depending on the specific circumstances of the offering, such as the type of tokens being offered and the nature of the underlying project.

Here are some general requirements that you should consider when planning an ICO in Oregon:

  1. Determine whether your tokens are securities: The SEC has stated that most ICOs involve the offer and sale of securities and must comply with federal securities laws. In Oregon, the Oregon Securities Division has taken a similar position. Therefore, it is important to determine whether your tokens are securities and comply with the applicable securities laws.
  2. Register your offering: If your tokens are securities, you may need to register your offering with the Oregon Securities Division or qualify for an exemption from registration.
  3. Provide disclosures: If your tokens are securities, you must provide investors with certain disclosures, such as a white paper that describes the project and the risks associated with the investment.
  4. Comply with anti-fraud provisions: You must not make any false or misleading statements or omissions in connection with your ICO.
  5. Comply with money transmission laws: If you are accepting fiat currency or other cryptocurrencies in exchange for your tokens, you may need to comply with state and federal money transmission laws.

It is important to note that the requirements for ICOs can be complex and may vary depending on the specific circumstances of the offering. Therefore, it is recommended that you consult with a securities attorney to ensure that you comply with all applicable laws and regulations.

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Source(s):
Jurisdiction

Oregon