Birdwatch Note Rating
2023-06-14 21:16:12 UTC - HELPFUL
Rated by Participant: D4D3890AD5882380BF14A309FE22075B61205584CD77642560263727A4986BF9
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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