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VanEck advisor: Most cryptocurrencies look like securities, and tokens are created to raise funds

Tether Strategy and VanEck advisor Gabor Gurbacs said on the X platform that tokens are created to raise funds/bitcoins to fund project/foundation/company operations with the aim of creating value for token/stock holders. Regulators failed to develop issuance and brokerage rules early, which gave scammers an opportunity.