The recent US court decision that Ripple's tokens are not stocks is a game changer for Initial Coin Offerings, a way to issue cryptocurrencies tokens.
The Securities and Exchange Commission, SEC in 2015 effectively banned cryptocurrencies issuance via Initial Coin Offerings when it banned the Telegram Initial Coin Offerings. Cryptocurrency tokens issuance via Initial Coin Offerings is a way to disrupt investment banking, the underwriting of equity Initial Pubic Offerings, debt underwriting and mergers and acquisitions and venture capital funding.
The Ripple court decision is a game changer for cryptocurrencies issuance, because it can restart the issuance of cryptocurrency tokens via Initial Coin Offerings. The Ripple court decision can have profound effects on Bitcoin, cryptocurrencies and drive Bitcoin's price to above 100 000 USD in 2 years.
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