Quote from: ruletheworld on March 12, 2018, 02:38:45 AM

Quote from: jc12345 on March 12, 2018, 02:04:27 AM

Quote from: ruletheworld on March 12, 2018, 12:00:28 AM

Quote from: krishna108 on March 11, 2018, 12:11:39 PM

So we see from this articles that SEC consider almost all crypto currencies as securities - i suggest all who are interested further into this topic, that you read them.

The SEC mostly seems to be interested in 'tokens' and not cryptocurrencies in general. They have been very clear, for example, that Bitcoin is not a security.

Some of the stronger indicators of a security are:
1. that the token receives a dividend or part of the profit share of the organization.
2. that the token entitles you to rights should the organization close down and the remainder of funds are distributed to all the token holders.
3. holders of tokens can vote in matters of the orgnaization

None of these indicators are true for Stratis which counts strongly in favor of Stratis being a utility coin. If there are any other more obscure arguments towards a security it would be weak arguments. Stratis will be used to do stuff on the Stratis platform e.g. to pay for creating sidechains or other use cases where it becomes "fuel" or just in general to pay for stuff which counts strongly in favor of being a utility coin.

That's only partly true though. In the US, the Howey Test is applied to determine if something is a security. The aspect of the Howey Test the SEC is going after seems to be the "expectation of profits" clause. It would be hard to know how this pans out, but I would love for one of the ICOs to fight the SEC in court and win to set a precedent.

You are both right, Howey Test is neccessary too, besides the three points of jc12345 claimed, these factors determine the coin is security or not, I think Stratis is not a security.