A cryptocurrency is not a corporation. That plain fact means that there's a lot of good reason to object to a simple law that brings cryptocurrencies as if they were equities or debt securities. This fact alone all-but guarantees - if the new crypto mavens get into lobbying like the tech giants already have - that: a) cryptocurrency will likely have a new regulatory agency; b) it will take a long time for the details of the enabling legislation to be hammered out.
Case law has already shown the existing securities law and case law is flexible (via the Howey test) to be applicable to violations ongoing in crypto. The Howey test doesn't require a corporation.
I tried to warn you guys, but you are determined to suffer your fate.
P.S. my understanding is Aeon was a nearly dead coin that some investors bought up and then awarded many coins to smooth to entice him to be the lead developer. Smacks of insider concentration.
I do not understand this, were you not on board contributing valuable ideas and even a domain name to the project? ...
Thank you for warning us about this coin with a total cap of $133,000 USD.. if your concern really is insider concentration why aren't you trolling the DASH to warn investors about the fraudulent instamine
edit: correction