It's because he owns 51% operating share. He is a centralized entity. He doesn't get to blame anyone else. His country of origin won't matter. The jurisdiction can lie in the Plaintiff's territory. They could do a multi complaint approach, or a joint plaintiff approach, and he'd have to answer wherever he was sued. If I were them, I'd take a multi-state, multi-complaint approach.
Did you pose these questions in the chat, cuz these would have been great to discuss. Sorry if I missed them.
Yeah I mean clearly Steem is a security I don't think anyone questions that. Still, I think crypto mafia wins, and I'm not talking about no Triads. The biggest cartel in the world are central bankers themselves. The scariest mobsters aren't murderous psychos; they're tubby pencil-pushers that sit behind a desk.
Eeep. And tubby, no less.
Agustin Carstens
Home for dinner.
You forgot the pencil.
Actually Justin Sun currently resides in San Francisco CA. and Steemit is a U.S. registered company. Plus Justin( as well as 11 others) is already involved in a large class action lawsuit for.... selling unregistered securities(tron and others). Since Justin and these others have centralized these tokens under their control they are no longer considered a decentralized token but a security.
That is correct. They would be treated as a security. It is not decentralized. I don't see how this changes the argument?