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RE: SEC: '"The DAO" were securities and therefore subject to the federal securities laws.' - ETH Dumps 6%
Correct. And their contract 'terms' are - well - no terms. We are just buying air :)
All because of protection against law issues.
EOS did not technically have an ICO. I'm sure they saw this SEC regulation on the horizon and planned accordingly. They just sold everyone air as far as their legalese are concerned. They leave it to us to research and determine if we want to invest in "nothing" or not.
I love EOS. I'm under the impression that US citizens can on purchase the tokens on the open market. The price is still reasonable.