Birdwatch Note Rating
2023-06-17 22:16:32 UTC - HELPFUL
Rated by Participant: 87A21909FDBBBD3D8A69FDA393775C34757353A9F31CE6C17BAD28EDB7FC98E3
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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