Depends on the token type. There's a distinction between governance tokens (~= securities) and utility tokens (~= coin|currency|value store|something). Utility

Depends on the token type. There's a distinction between governance tokens (~= securities) and utility tokens (~= coin|currency|value store|something). Utility tokens don't fall under the Howey test so are ok to trade: https://www.blockchain-council.org/blockchain/security-tokens-vs-utility-tokens-a-concise-guide/ https://www.blockchain-council.org/blockchain/security-token...