Quickie: The Howey Test

2 years ago
3

The Howey Test, from the Supreme Court case SEC vs. W.J. Howey Co., gives clear criteria for what constitutes a security. The corrupt SEC is now ignoring the law and the Supreme Court to claim cryptocurrencies are securities.

Howey Test Definition https://www.investopedia.com/terms/h/howey-test.asp
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