https://www.reuters.com/technology/reddit-aims-ipo-second-half-2023-information-2023-02-14/
With the SEC notoriously scrutinizing numerous coins as securities, how will Reddit's IPO affect the issuance of Moons and NFTs? I don't believe there is another publicly traded company that issues their own cryptocurrency at this point in time.
Any shareholder that receives Moons or NFTs would mean Moons meet the definition of a security per the Howey Test:
There is an investment of money.
The investment is made into a "common enterprise."
The investors expect to make a profit from their investment.
Any expected profits or returns are due to the actions of a third party or promoter.
By issuing Moons or NFTs to any shareholder, would Reddit be offering securities? Will the SEC let me be? Will Gary Gensler have anything better to do?
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