If it is or isn't, who can enforce the entire crypto world to deal with that? In this particular case though the Agoras token is a stake so I suppose someone could make a case that it's a security but I see no evidence of insider trading. Only Ohad really knows certain information and if he's not trading based on it then there is literally no one else.
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Completely agree
SEC came out with some guidance in the last month or so, so now we have at least some idea. The DAO was considered to be a security while Ether was called a currency. I don't know where Agoras will fall at this point.