Law & Policy

If you do an ICO but the coin is a custom stablecoin...does that make it outside of the scope of securities laws given the price of the token is pegged...?

IANAL...that didn't stop Terra from being sued, "public solicitation" is always scrutinized. An investment contract is just one of several types of securities and if there's "no expectation of profit" that just means it's not an investment contract, it could still be another type of security...if there's any type of interest or dividend payout, it'd probably be viewed as a Money Market Fund. If not, you could still be classified as a money transmitter (aka AML/KYC regs apply). ICO implies you or a multisig has control over the raised capital, which implies joint liability for everyone.