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 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).