In which an ICO promoter (and scammer, but I repeat myself) makes the argument that tokens are not securities and gets dunked on by a judge lucidly and at length: https://www.courtlistener.com/recap/gov.uscourts.nyed.409850/gov.uscourts.nyed.409850.37.0.pdf … (It's the September 11th document here if that link expires: https://www.courtlistener.com/docket/6317033/united-states-v-zaslavskiy/ … )
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The Loch Ness monster, an end-user for FileCoin who did not invest in the hope of price appreciation, and Bigfoot all belong to the same reference class... and if there is one of them that I'm not sure about it is Nessie.
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Ah, I see. Even when a token functions completely as a utility token, the issuer must be lying. That's some confirmation bias you've got there.
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