Quote from: malweyer on June 24, 2018, 06:37:29 AM

Quote from: Lab_Rat on June 22, 2018, 08:16:25 AM

I don't see anything common between cryptocurrency and securities. Cryptocurrency is not dependent on the financial performance of any company. The Cryptocurrency does not give investors any rights. Maybe some tokens might look like securities, but it's more like an exception.

howey test:
>'there is expectation of profits from the investment'
...
what cryptocurrency trader is buying tokens without expecting profit?

I think I will agree with your point because there is no correlation between this two. In you invest first then expect reward or profit at the end.