It really comes down to a, the decentralization of an existing network, before or after the sale. In the case of an etherium, what it sounds like is regulators said, look, atherium a, we are not going to make a decision on the time at which they did their token sale. So actually, the regulators have not said whether that was legal or not,. But at this point it is decentralized enough where it is not going to be deemed a security to day....
Pomp Podcast x TWiST crossover
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