Is Coti a security?

Could you elaborate on whether Coti should be classified as a security or not? I've heard varying opinions and would like to understand the reasoning behind a potential classification. Given the rise of cryptocurrencies and the complexity of the regulatory landscape, it's crucial to determine whether Coti falls into the category of a security, which could trigger additional regulatory requirements and compliance measures. Clarifying this status would help investors, regulators, and market participants make informed decisions about Coti and its potential risks and opportunities.