They Are Not Investment Contracts | Song A Day #5530
14Mike Wawszczak is suing the SEC and I made a song about it.
You can find this and all Song A Day songs over at:
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To justify their ad hoc enforcement actions,
the SEC claims that all digital assets
qualify as securities under their purview
Cuz they represent “investment contracts,”
In this lawsuit, the plaintiffs seek a judicial declaration
that sales of digital assets like the ones that would take place
on LEJILEX are not securities transactions.
They’re not "investment contracts"
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