“the money we spent on those initiatives will be returned value for the network”
"the money raised in the ICO would be spent wisely to fund development"
On the other hand, they promoted EOS at Consensus in nyc, *ahem* BOUGHT A BILLBOARD IN TIMES SQUARE, and threw an afterparty.
Q: Is EOS a security now?
A: It is no more and no less a security than it was yesterday.
First of all, they raised a bajillion *globally*. Likely less from US investors, which is the group SEC is concerned with.
Quite the opposite.
"But Marco, B1 didn't admit wrongdoing!
They didn't, but doesn't matter.
"This isn't admissible!"
It most certainly is.
No, I don't think they will. The order doesn't take a position on the native EOS token, so exchanges that listed it probably won't delist because of this. Exchanges that weren't going to do so won't change their minds.