Howey Test


Markets

SoluTech to Burn its Tokens Under Terms of SEC Settlement; Co-Founder Fined

SoluTech, which violated securities laws and misrepresented its revenue during the token sale, now must destroy all its tokens.

SEC logo

Markets

California Assembly Considers Exempting Some Digital Assets From State Securities Law

A key lawmaker in the California Assembly has proposed exempting some digital assets from the state’s definition of corporate securities.

Majority Leader Ian Calderon has proposed a framework for determining whether digital assets are investment contracts, and therefore securities. (Credit: Lerna Shirinian)

Policy

Telegram Ruling Closes Another Door to Legally Compliant Token Sales

A recent ruling stopping Telegram from distributing its cryptocurrency creates new legal peril for public blockchains, argues lawyer Josh Lawler.

Mary Shelley wrote the Gothic novel "Frankenstein." Boris Karloff starred in the 1931 movie version. (Wikimedia Commons)

Markets

SEC Blasts Kik's 'Void for Vagueness' Defense of 2017 ICO

Kik wants to depose top SEC officials, and expose that they were making it up as they went. But the SEC is having none of it.

law books

Markets

Howey Schmowey – The Real Answer is to Update Securities Regulations

The SEC should focus more on fraud prevention than if an asset is a security, as fraud can be committed with securities too, argues David Weisberger.

oranges, fruits

Markets

The Gentrification of ICOs Is Underway

The ICO neighborhood, so to speak, is cleaning up, though University of Dublin's Paul Ennis suggests this may not exactly be a future to fear.

graffitti, gentrifcation

Markets

The Simplest Way to Understand Why The DAO Was a Security

When is a token a security? It may not be so hard to understand, should users keep this decades-old allegorical tale in mind.

oranges, fruits

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