Birdwatch Note Rating
2023-06-14 13:57:36 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 40784205498B521A9E2D19C5AE57622F7312163C3D6E07941F464506A780395E
Participant Details
Original Note:
It is important to note that the application of the Howey Test to cryptocurrencies and digital assets is still a topic of debate and ongoing regulatory scrutiny, further more, the SEC does NOT have unilateral power to declare anything they wish a security. https://corpgov.law.harvard.edu/2022/12/06/why-cryptoassets-are-not-securities/
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