Re:Statement on Potentially Unlawful Online Platforms for Tr...
by catominor on Thursday March 08, 2018 @01:50AM
(#16542800)
Check out the Howey Test. It's what you have to fail to be determined not a security, this definition is fairly short and good:
http://www.legalandcompliance.com/securities-resources/secur...
NB. Correct me if I'm mistaken, I have little knowledge in this area.