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Howey Test

SEC sues Binance for ‘calculated evasion’ of US securities law
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6 June, 2023

SEC sues Binance for ‘calculated evasion’ of US securities law

The U.S. Securities and Exchange Commission (SEC) filed 13 charges against Cayman-registered Binance Holdings Ltd, Delaware-registered BAM Trading Services—which operates...
SEC and Ripple face off over fair notice defense
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17 April, 2023

SEC and Ripple face off over fair notice defense

The U.S. Securities and Exchange Commission and Ripple have exchanged filings over one of Ripple’s most prominent defenses against accusations...
Ethereum is a security—CFTC is wrong
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13 March, 2023

Ethereum is a security—CFTC is wrong

As per the legal opinion of both the chairman of the Securities and Exchange Commission and the New York Attorney...
Even BTC is a security
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6 March, 2023

Even BTC is a security

To be classified as a security, the "investment," the "efforts," and the "third party" identified in the Howey test should...
Is the SEC catching on to the BTC decentralization myth?
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28 February, 2023

Is the SEC catching on to the BTC decentralization myth?

Gary Gensler recently gave an interview to the New York Magazine in which he had some revealing things to say...
Bitcoin and Securities: Law is coming
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27 February, 2023

Bitcoin and Securities: Law is coming

Liberty begins with personal responsibility leading to a culture of responsibility—have we seen this in the blockchain space? No, not...
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