Are Crypto Assets Securities?

The crypto scene is tight-knit. Despite the wide-scale appeal and booming popularity of crypto, its decentralized nature means a lot of information gets shared through community-generated means such as Twitter, Discord channels and in-person fireside chats and social events. Professionals, for the most part, use discernment (except for instances s like Chastain’s NFT opportunism), but overall, the general vibe is that crypto folks are pretty open book. Furthermore, like the OpenSea incident proves, there’s a certain amount of self-regulation built into the ecosystem through the public nature of blockchains (sort of like a pickup basketball game).