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Security Cointelegraph

Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’

According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’

According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws.

Why this matters

This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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