> Security tokens would need to follow the same securities laws as centralized solutions Which securities laws? I'm imagining you are talking about the US as t

> Security tokens would need to follow the same securities laws as centralized solutions Which securities laws? I'm imagining you are talking about the US as this site is very Silicon Valley centric but not every company is based in the US and there are over a hundred different jurisdictions in the world. US laws aren't the end all be all and the way things are going they might be even less relevant in the future. We are living in an incredibly global society and there is currently no global governance layer that covers global public goods and digital-only projects. We'll likely develop something in the future but today there are entrepreneurs creating applications and projects at the species level that have no defined state owner and it wouldn't make sense to assign them one.