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by CalChris 1181 days ago
Does Coinbase traded crypto pass the Howey Test?

https://www.jdsupra.com/legalnews/cryptocurrencies-and-the-s...

a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party

3 comments

Here’s the Coinbase argument that staking is not a security: https://www.coinbase.com/blog/coinbases-staking-services-are...

And I find it odd that your referenced article mentions three tests, when it seems to be normally listed as four prongs: https://duckduckgo.com/?q=howey+test+prongs

Some likely do, others likely don't. Bitcoin is not a security, Ethereum likely is.
Somebody's basically got to go through and sort them all.