Howey Test
Lens 7 · Encyclopedia
Howey Test
The Howey Test is the US Supreme Court's four-prong framework determining whether a transaction constitutes an 'investment contract' and thus a security.
Lens 4 · Regulators
SEC Digital Asset Regulation: Enforcement History and the Path Forward
The SEC has brought 100+ digital asset enforcement actions since 2018, including the Ripple partial win (2023), Coinbase, and Terraform. The Crypto Asset Task Force (Jan 2025) signals a recalibration.
Lens 2 · Jurisdictions
US Tokenization Regulation: SEC, CFTC, Howey Test, and the Path to Compliance
US tokenization compliance framework — SEC securities jurisdiction, CFTC commodities, Howey test, Reg D/A+/S exemptions, FIT21, SAB 122, OCC custody guidance, FinCEN MSB, BitLicense.