{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/3067615-029",
 "identifier": "kaal:claim:3067615-029",
 "text": "The lack of a regulatory framework creates significant legal uncertainty in the ICO market, and because cryptocurrencies are censorship-resistant and arguably regulation-resistant by design, that uncertainty may sooner or later lead the Securities and Exchange Commission to declare ICOs illegal.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags",
  "datePublished": "2017",
  "url": "https://ssrn.com/abstract=3067615",
  "sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Dell%27Erba%20-%202017%20-%20Initial%20Coin%20Offerings%20Emerging%20Practices%2C%20Risk%20Factors%2C%20and%20Red%20Flags.pdf"
 },
 "keywords": [
  "law-and-legal-systems",
  "securities-law"
 ],
 "about": [
  "legal-uncertainty",
  "regulation",
  "sec",
  "censorship-resistance"
 ],
 "abstract": "The lack of a regulatory framework creates significant legal uncertainty in the ICO market. Moreover, cryptocurrencies are censorship-resistant and arguably regulation-resistant by design,56",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "failure"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "argued"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "ICO market as of November 2017",
    "United States securities regulation"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": true
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/8de1054481058b2547a74b59f3b472301c617d5a3fc69badd41ec4c8ee14a858.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "specializes",
     "to": "https://wulfkaal.github.io/claims/1806252-018",
     "to_id": "kaal:claim:1806252-018",
     "similarity": 0.389
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/3782201-030",
     "to_id": "kaal:claim:3782201-030",
     "similarity": 0.336
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "8de1054481058b2547a74b59f3b472301c617d5a3fc69badd41ec4c8ee14a858",
 "canonicalForm": "https://wulfkaal.github.io/claims/3067615-029.md"
}