FinancialmarketlawandregulationarenotapplicabletoallICOs.DependingonthemannerinwhichICOsaredesigned,theymaynotinallcasesbesubjecttoregulatoryrequirements.Circumstancesmustbeconsideredonacase-by-casebasis.AssetoutinFINMAGuidance04/2017,thereareseveralareasinwhichICOsarepotentiallyimpactedbyfinancialmarketregulation.Atpresent,thereisnoICO-specificregulation,noristhererelevantcaselaworconsistentlegaldoctrine.

虽然美联储已4GIb在2014年底就开始结束QE而且慢慢开始8SOI紧非常宽松的qHmX币政策了，但sSx0到了2017年末和2018年初，美股三大uhTx数都已经达到8DX6新高的点位Mx0k