The U.S. Crypto Catch 22:

Launch a compliant token that’s technologically neutered. Default dead as a result. 

Launch a token that’s technologically powerful, but is a regulatory nightmare. Maybe the token survives but you don’t.

Here’s the loophole

1. Launch compliant governance token that’s almost powerful but somewhat handicapped

2. Holders use governance to remove handicaps

The your sale was not a securities offering but also you made a useful token

Caveat: you cant advertise step 2. It must be implied, like how ppl expect airdrops