🏛️ [Analysis] When Are Tokens Securities? - James Park

UCLA law professor James Park explains what he calls the "Hinman paradox" as a potentially useful tool for understanding when certain tokens are or are not securities. As public anticipation escalates for an official word from the SEC on whether certain high-profile token and blockchain projects are securities, Park analyzes distribution, history, and the potential evolution of a token from a security to not a security (and maybe back again). Through it all, Park reminds that more effective self-regulation could help preempt extensive regulatory action and government intervention.

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