WTH Happened with FTX? with Tonya Evans
Why Is This Happening? The Chris Hayes Podcast
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What Is a Security?
A security is think of an investment contract where people are paying in with the expected return of a profit due to the efforts of others. We call it like the Howie Test. If they have not gone to the SEC and filed or gotten some type of exemption, that would be deemed to be unregistered. So you can absolutely have a legitimate project if you play by the rules. And there are certainly tokens in the space where they've gone through the effort and they've worked with the SEC but thousands have not.
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