@failedLyndonLaRouchite yeah. i don’t care so much about ripple per se, but this reasoning would cut a huge hole through all securities regulation. just sell over very impersonal and casino-like platforms, and you’re cool! make whatever representations you want elsewhere, maybe put it in complicated language so a judge would assume most punters couldn’t possibly understand. (even tho of course third parties—journalists, promoters—would simplify and hype those representations to everyone.)