“Some additional utility does not remove a crypto asset security from the definition of an investment contract,” Gensler said, though he added that tokens built for exclusive use in their blockchain ecosystems can be exempted from such accusations. “The investing public generally buys these crypto assets, at least in part, anticipating profit based on the efforts of those token issuers.”
Bitcoin’s Bull Market: Newest On-Chain Knowledge, Market Construction, and Liquidity Tendencies | by Michael P. Di Fulvio | The Capital | Feb, 2025
OpenAI DALL-E3 by CreatorBitcoin continues its bull market trajectory, displaying sturdy similarities to earlier cycles however with key structural variations...