SEC Issues Historic First ICO ‘No-Action’ Letter to TurnKey Jet

Coinspeaker SEC Issues Historic First ICO ‘No-Action’ Letter to TurnKey Jet

In the letter, the SEC specifies that it considered that the TurnKey Jet platform will be fully developed and operational at the time the tokens are sold, and the funds won’t be used to develop the platform. It also mentions that the tokens will be immediately usable and have been marketed for their utility, not potential profits.

Original source
https://www.coinspeaker.com/sec-ico-no-action-letter/

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