Thanks for your info. I too have my fiat holdings spread across several banks, even though it's just a small total.

BTW -- I got deep into literature on the Howey test today, and I think I was wrong about BTS likely to being declared a security. @Dan and his dad have done a clever job of wrapping management into the BTS holders in a diffused way. Thus SEC is going to have a hard time claiming that there is one group holding the security and a separate group out their doing the work to bring profits to the security holders.

Unfortunately, Steem Power and Steem Dollar seem to be in a grey area. It's only grey though; because I think @Ned is going to argue that it is the work of the Steem Power holders that is creating and distributing their profits, and Steem Dollars are largely earnings for posts written, etc.

One thing to note is that when SEC disagrees with you and you lose the case the feds get the right to "seize assets". So if @Ned loses we will not have a chance to simply power down our SP; because it will be taken away.