Which Crypto Tokens are Securities?

Which Crypto Tokens are Securities?

SummaryThe SEC has incorrectly categorized most crypto tokens as investment contract securities. A crypto token should only be considered a security if its programming includes the ability to make payments, similar to the terms of payment specified in the contract of a traditional security. Digital securities should be sorted into four classes based on the different risks they pose to investors. Regulations for digital securities should be tailo…