US Regulation
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 5 · Geopolitics
US Crypto Policy Risk: What Changes Under the New Administration Mean for Tokenization
SAB 122 reversal, Crypto Asset Task Force, FIT21 status, 2025-2026 regulatory priorities, state vs federal tension, and institutional tokenization programme implications examined.