FYI: Lawmakers are introducing a bill to change the SEC’s 72-year old securities definition to exclude cryptocurrencies. Doubt would ever pass....
https://www.cnbc.com/2018/12/20/lawmakers-look-to-change-secs-72-year-old-securities-definition-to-exclude-cryptocurrencies.html
RE: Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?