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My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course. Maybe plug it into zrx so the conversion is automatic for the end user. Just another launch cost and I can avoid the SEC entirely.

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Do you think that the SEC won't still come after you? That they'll just go, "Drat, we must've been outsmarted!"

I won't be creating an expectation of value. If I were to do this on ethereum, for instance, no one would bat an eye. It would be just another dapp.

But then you don't get any funding? Unless you pump the coin in which case the SEC will still be coming.

I generally don't seek funding for my apps. I instead just build them with a monetization path attached. What I would aim to do is to boost a crypto community coin with adoption. My monetization would be to sell the ownership I have of the coin when the dapp is in use.

I don't know if it's legal according to the SEC. I would love some clarity.

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