Even if it is illegal, I'm not an insider or a trader. Agoras also isn't really anything right now other than a promise from Ohad Asor. If you believe Ohad can build Tauchain and Agoras then you're funding development by buying his token and also getting a stake.
If you are a short term speculator who wants to make a quick profit then Agoras is probably the wrong token to buy. If you want to be a stakeholder for cheap then get in now before he raises the price.
I'm not saying you are doing insider trading...after reading this post it just clicked if insider trading is legal or not in crypto world...hope you got my point :)
If it is or isn't, who can enforce the entire crypto world to deal with that? In this particular case though the Agoras token is a stake so I suppose someone could make a case that it's a security but I see no evidence of insider trading. Only Ohad really knows certain information and if he's not trading based on it then there is literally no one else.
Completely agree
SEC came out with some guidance in the last month or so, so now we have at least some idea. The DAO was considered to be a security while Ether was called a currency. I don't know where Agoras will fall at this point.