The SEC's new crypto fundraising proposal deliberately treats tokens as free to trade as soon as a buyer acquires them, unless the issuer or another law says otherwise. Insiders typically know more than the public while a token project is still being built, and their incentives do not always lin...
Source: [CryptoSlate](https://cryptoslate.com/sec-opens-door-to-day-one-crypto-insider-sales-that-senate-draft-would-block/)