> There is a whole world of securities law that’s hidden behind client attorney privilege that each client uses to protect themselves from the SEC (and DOJ)
The only point is that the SEC hasn’t done anything unpredictable in which offerings they’ve chosen to go after, despite calling all cryptos securities, nothing surprising about how judges have ruled when taken to trial
It’s based primarily on what the issuers have said
It’s based primarily on what the issuers have said