Faruqi & Faruqi attorney Thomas Papain was recently cited in a Forbes article titled "How The SEC's Charge That Cryptos Are Securities Could Face An Uphill Battle," by Maria Gracia Santillana Linares.
"The common enterprise requirement could be easily satisfied on the SEC's side, according to Tom Papain, securities lawyer at Faruqi & Faruqi. He says there would still be entities - including founders and C-suite employees - that were pitching the tokens to investors. But unless the communications were routed through the exchanges, it would be hard to prove the relationship to secondary trading."
The article is accessible here.