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THETA · 4w

Why are we not on U.S. exchanges

I know this is talked about a lot here, but I don’t think I’ve read anything definitive on this. Is this correct - that we don’t really know? Could it be because we aren’t decentralized enough, and therefore potentially still classified as a security? If that’s the case, would it be because Theta Labs still has so much control over the project, or because such a large percentage of theta is held by large validators? Thanks for any insight.
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