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Legal Labyrinth of Beba Tokens
This chapter explores the SEC's legal challenge regarding the classification of Beba tokens as securities, emphasizing the implications of pre-enforcement litigation. It critiques the lack of publicly established rules guiding SEC regulations and debates the categorization of token airdrops, arguing that free distributions should not be deemed securities. Additionally, the chapter highlights the potential outcomes of ongoing legal battles, particularly the insights that may emerge from accessing internal SEC documents regarding their approach to digital assets.