After ICO, IEO and IMO, STO has recently become a hot topic. People in the industry generally believe that STO is superior to ICO in legal compliance and IPO in efficiency, which not only breaks through the regulatory framework, but also meets the financing needs of enterprises. Whether STO can provide token financing scheme should be implemented in the specific legal supervision of each country. In practice, American ICO is mainly regulated by the Federal Government's Securities and Exchange Commission SEC and the Commodity Futures Trading Commission CFTC. The SEC classifies all tokens except Bitcoin and Ethereum as securities, and puts all securities tokens under supervision.
The SEC will test the project itself according to the prescribed standards to determine whether it is a "security". If it is judged as securities, then the project will be supervised by the SEC. If it conducts ICO before it is registered or exempted from registration according to relevant securities laws and regulations, it violates the US securities law. There are mainly three related securities laws and regulations S, regulation A+ (small listing), regulation D (private placement) and regulation S.
Simply put, register an American company, standardize TOKEN according to SEC standards, and issue it after being certified as STO.