Not all cryptos, even if there is a county behind, it means that it is a security. Americans have protections because of what happened in the 19th century or 20s when people sold grandma's gold mines and they were scams. So why do those laws apply globally to the concept of crypto? They don't need to apply to people in the zerg or in the Philippines, of course not,. But it does apply to Americans if they're profiting from it.

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