Is Cardano be Considered a Security under US Law? Is Cardano be Considered a Security under US Law? r/cardano SEC

Is Cardano be Considered a Security under US Law? I am asking because Cardano carried out an unregulated ICO in 2017, and i don't believe they ever registered with the SEC (that I know of, if they have please let me and the community know).

For reference, I quickly researched US laws on ICOs and ...