No. "trust me that I will do something great with your money and eventually return it to you, I promise" is not part of the deal when you buy a token. 1: Some

No. "trust me that I will do something great with your money and eventually return it to you, I promise" is not part of the deal when you buy a token. 1: Some of the deals are "Someone built this thing which is now out of their control. But this thing can be used with these tokes. Want some?". 2: Some of the deals are "I built this thing which is now out of my control. But this thing can be used with these tokes. Want some?". 3: Some of the deals are "I built this thing which is now kinda out of my control. I might be able to change it later, but only if the community stays behind me. Anyhow, this thing can be used with these tokes. Want some?". The SEC argues that many tokens fall into category 3 and that 3 is close enough to a security that the SEC should have a say in this.