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321 sats \ 0 replies \ @Spartan 12 Jul 2022 \ on: If You Aren't Trying to be Money, Why Do You Need a Coin? bitcoin
The projects that create a new coin to fund their development are unregistered securities. Full stop.
Here is how the Howey Test is used to determine if something is a security. It is a simply pass / fail test. If you satisfy these 4 prongs, you pass. Passing means you are a security.