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Re:ICOs at the End of 2017: What We Think We Know and What W... by dragonwriter on Tuesday October 17, 2017 @06:01PM (#15495344)
Note, however, that “investment contract” is one of very many things that are securities (see the recursive definition at 15 USC Sec. 77b(A)(1)), so anything that is an investment contract by the Howey test is a security, but so are lots of things that are not investment contracts.

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