Based on the SEC v LBRY ruling, any cryptocurrency which meets these 3 facts is a security:. - There are large token holdings.
09 Dec 2022, 16:18
Based on the SEC v LBRY ruling, any cryptocurrency which meets these 3 facts is a security:
- There are large token holdings
- The holdings are publicly known
- The token is seeing active work
Unfortunately, that seems to apply to an awful lot of blockchain networks...