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I dont think cryptos are securities; especially given that they are decentralized, which is the whole point. Which would make these points of the howie test moo
by robbyiq999 2y ago
I dont think cryptos are securities;
especially given that they are decentralized, which is the whole point. Which would make these points of the howie test moot.
> 2) In a common enterprise. + 4) Due to the managerial efforts of others.
The expectation of profit is tricky, something like ethereum could argue that ethereum itself is used for network precipitation, gwei or gas. Also, wouldn't they have to out and say "PAY US FOR THESE AND WE WILL REWARD YOU WITH DOLLAR PROFITS"
Also, isn't crypto just beanie baby tulip bulbs. Aren't those commodities?