Howey Test

Policy

Itinigil ng isang hukom ng U.S. ang kaso kung saan ang palitan at ang SEC ay naglalabas nito dahil sa isang usapin sa pagpapatupad, at hahayaan ang Coinbase na habulin ang isang apela sa mas mataas na hukuman.

By Jesse HamiltonJan 7, 2025

CoinDesk's Jennifer Sanasie breaks down the intersection between crypto markets and the establishing regulatory framework, with a focus on the Howey Test and what it means for crypto markets.

Aug 7, 2024

U.S. Securities and Exchange Commission Chairman Gary Gensler is doubling down on his opinion that proof-of-stake tokens could meet the definition of securities under the Howey Test. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what this means for the ongoing crypto turf war between the SEC and the CFTC over regulatory authority.

Mar 16, 2023

In a filing against crypto exchange KuCoin on Thursday, New York State Attorney General Letitia James alleged that ether, among other token offerings, is a security. Penn State Dickinson Law Professor Tonya Evans explains how a security is defined under state law, saying, "it very much mimics the Howey Test...but often times at the state level, there's a more expansive view and definition." Plus, she weighs in on the broader implications for the crypto industry.

Mar 10, 2023

SEC Chairman Gary Gensler testified before the Senate Banking Committee Thursday, noting the “vast majority” of cryptocurrencies are securities, while referencing the Howey Test. Plus, he shares that the agency is talking to a “wide swath” of crypto organizations about registering with the SEC.

Sep 15, 2022