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RE: BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?
You are incorrectly assuming that current SEC interpretation:
- applies to the whole world - it only applies within the US;
- will ultimately be upheld by US Courts - there are strong legal arguments to the contrary.
The law is very different in different countries and there are many different types of Steem-Engine tokens.
It is pointless and bad legal practice to make generalisations.
For example @jpbliberty's SUFB tokens on Steem-Engine are completely exempt from Australian securities law and are issued by an Australian company.