> They have only told us that they are assessing our Lend product through the prism of decades-old Supreme Court cases called Howey and Reves. [...] These two c

> They have only told us that they are assessing our Lend product through the prism of decades-old Supreme Court cases called Howey and Reves. [...] These two cases are from 1946 and 1990 Nobody seriously makes the argument that Howey is outdated, so why is the year being called out here? It's written to get people up in arms, and as such I wouldn't count on anything written there to represent how Grewal actually feels. This is pure PR.