Is Dogecoin considered an unregistered security?
Could you please clarify if Dogecoin falls under the category of an unregistered security? Given its decentralized nature and the fact that it operates on a blockchain, does it still need to be registered with securities regulators? I'm interested in understanding the legal standing of Dogecoin and how it fits within the broader framework of securities law. Additionally, are there any potential consequences for investors if Dogecoin is deemed an unregistered security?