InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,949.17
(
-0.60%
)
US TECH 100
20,270.40
(
-1.07%
)
Dow Jones
43,750.86
(
-0.47%
)
Brent Oil
71.74
(
-0.65%
)
Bitcoin
87,214.25
(
-0.15%
)
Post# of 224799
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

IPO$

Send PM Follow Ignore
Followers 226
Posts 12728
Boards Moderated 0
Alias Born 04/13/2007

IPO$

Member Level

Re: samsamsamiam post# 205232

Thursday, 11/17/2022 3:04:43 PM

Thursday, November 17, 2022 3:04:43 PM

Post# of 224799
The SEC uses the Howey Test for crypto and another, even worse problem, the NFT’s, to determine if they are a security or not.

“Promoters are marketing and the investing public is buying most of these tokens, touting or anticipating profits based on the efforts of others,” Gensler said in a Sept. 8 statement.

If a transaction is found to be an investment contract, then it’s considered a security. Then, US securities laws would apply. Caveat emptor to all those crypto and NFT operators and promoters breaking the laws. Your time has come. Get ready.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up