Re:SEC brought its first non-fungible token enforcement action
by IanCal on Monday August 28, 2023 @09:15PM
(#37302372)
Since this was downvoted, a simpler explanation.
Not all ownership denotes a security. If you own (and own can often be interpreted simply around having control over) a thing, you can sell it without that necessarily being a security. That's why the test is not "can it be sold".
Not all ownership denotes a security. If you own (and own can often be interpreted simply around having control over) a thing, you can sell it without that necessarily being a security. That's why the test is not "can it be sold".