by Marc Boiron, 08.02.2022
Sufficient Decentralization - by Marc Boiron
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"If the network on which the token or coin is to function is sufficiently decentralized - where purchasers would no longer reasonably expect a person or group to carry out essential managerial or entrepreneurial efforts - the assets may not represent an investment contract.”
William Hinman Former Director of SEC’s Division of Corporation Finance
