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Ivo Entchev
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Minimal dependence on any individual party (in an economic sense) is also a more meaningful concept than “decentralization” for helping us determine when a token should stop being a security. We touch on that in our open letter. https://www.coindesk.com/opinion/2025/01/16/how-to-make-the-united-states-the-crypto-capital-of-the-world
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