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Hailey Lennon: Legally Crypto? Industry Lawsuits, SEC Regulation and What it Means for Bitcoin

Coin Stories

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The 'How We Test' and the Uncertainties of Token Classification

This chapter explores the 'how we test' framework used to determine if a token is a security, focusing on the arguments surrounding the reasonable expectation of profits and the role of others in the protocol. It also discusses the contradictions and uncertainties in the SEC's stance on Bitcoin and Gary's changing position. The chapter highlights concerns about the potential politicization of the regulatory process and the need for regulatory clarity in the cryptocurrency industry.

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