TROPTIONS are not a Security

In 2004, Global Trading Partners Corp. used the previously developed business plan to write and file a private placement memorandum under Rule 504 Regulation D with the Securities and Exchange Commission.  Originally TROPTIONS, later renamed TROPTIONS for blockchain purposes, has officially existed as a digital currency, since the SEC filing on 12/27/2004.  The goal of the TROPTIONS concept was to develop a legitimate and practical trade asset that falls clearly under existing laws.

One languishing question for all cryptocurrencies is how the SEC characterizes the cryptocurrency.  Many, if not most, cryptocurrencies fall under SEC supervision and regulation.  Therefore, this limits most people to participating only as investors.

Garland Harris did not want TROPTIONS to be treated like a financial instrument.  This meant that TROPTIONS would become more of "The People's Currency" without the ability of large investors, hedge funds, and the government to manipulate the currency value and use.  Frankly, it might have been easier to bring in large investors who could drive the project at a faster rate.  A grassroots effort that is achieved by growing an ecosystem of small to medium participants takes longer and more time for members to develop their knowledge and skills.  

So, the Howey court decision is an important consideration.  The Howey case was not about TROPTIONS but developed a set of four critical questions to determine if any asset trade would be under the SEC supervision as a security.  Any financial security requires licenses, and substantial paperwork, and trade must be done through brokers.

It is therefore important that a free trade concept remain available for anyone who does business with something other than cash.  The Howey test is not a warranty that every deal is without the typical risk and reward concerns but allows for good business transactions between anyone who seeks to trade or exchange items between a seller and a buyer. 

To avoid the characterization as a registered security, the case established that FOUR QUESTIONS must all be answered in the affirmative.  Otherwise, the ability of anyone who exchanges almost anything in a non-cash trade would be infringed upon.

As you see, in the graphic, TROPTIONS properly answers affirmative to two and negative to the other two questions.  

The stance as a non-regulated crypto asset or token allows the free exchange of goods and services in what might be considered the next generation of barter.  For those who are interested in a less intrusive way to concern wealth and their privacy, TROPTIONS are worth further consideration.