SEC Calls FTT Trade Token a Safety

“If demand for buying and selling on the FTX platform elevated, demand for the FTT token may enhance, such that any value enhance in FTT would profit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its criticism. “The massive allocation of tokens to FTX incentivized the FTX administration staff to take steps to draw extra customers onto the buying and selling platform and, due to this fact, enhance demand for, and enhance the buying and selling value of, the FTT token.”