The blockchain world was rocked last week by the release of the U.S. Securities and Exchange Commission's analysis of The DAO, the distributed organization set up to "automatically" manage the funding of ethereum apps, and which collapsed last year after an exploit in its code was unveiled.
While the conclusion that The DAO tokens were, in fact, securities and should have been registered as such was not in itself surprising, the statement marked the first time the US Securities and Exchange Commission (SEC) has officially issued an opinion on digital tokens.
