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Open Source Utility Tokens are Not Securities Under SEC Jurisdictionby@f1r3flyceo
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Open Source Utility Tokens are Not Securities Under SEC Jurisdiction

by Lucius Meredith15mMarch 6th, 2023
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In particular, the details regarding utility tokens identifies a class of such tokens that cannot be considered securities according to the definitive Howey Test. Neither the expectation of profit, nor the dependence on the efforts of others apply to these kinds of utility tokens, and as such, they cannot legitimately be considered securities.
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Lucius Meredith

Lucius Meredith

@f1r3flyceo

Invented the rho-calculus and namespace logic. Founded RChain Cooperative. Now runs f1r3fly.io.

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Lucius Meredith HackerNoon profile picture
Lucius Meredith@f1r3flyceo
Invented the rho-calculus and namespace logic. Founded RChain Cooperative. Now runs f1r3fly.io.

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