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Howey Test Archives - My Blog

Tag: Howey Test

  • Even BTC is a security

    Even BTC is a security

    The SEC Chairman Gary Gensler recently commented that, except for Bitcoin, all crypto are securities. We mostly agree, but would further argue that even BTC is a security according to the Howey test due to its base-protocol being controlled and frequently changed by a centralized entity (Core developers and proponents behind the scene), which in…