They cant say that they are crowdfunding platforms otherwise they would have to register as a securities exchange and so on. To me its terrible both ways same with bnb they both did icos, both raised money for a intent and purpose and packed functionality on a layer 1 to disguise it and differ it from btc.
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Hey if they were honest from the jump, Goldman Gary Gensler wouldn't be standing on their throats now and declaring them a security