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What's Next for ICOs? More Caution, More Guidance, Lawyers Say

December 22, 2017, Corporate Counsel

Keir Gumbs is quoted in a Corporate Counsel article regarding the risks associated with initial coin offerings (ICOs). According to Gumbs, "[T]here's too much hype and not enough understanding about what ICOs are." He says he frequently encounters clients who say they want to issue an ICO because it seems like a good way to raise capital. Gumbs' thinking is: "Why not sell stock? Why create something that's more complicated than what you need if you just need to raise capital?"

Gumbs is still not convinced ICOs are any more useful than a stock offering. "The level of interest exceeds the amount of what people understand about them but I think over time as practices develop and expectations develop, I think it may be a viable way of raising capital," he adds.


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