Actually Justin Sun currently resides in San Francisco CA. and Steemit is a U.S. registered company. Plus Justin( as well as 11 others) is already involved in a large class action lawsuit for.... selling unregistered securities(tron and others). Since Justin and these others have centralized these tokens under their control they are no longer considered a decentralized token but a security.
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That is correct. They would be treated as a security. It is not decentralized. I don't see how this changes the argument?