8min chapter

CoinDesk Podcast Network cover image

UNCHAINED: The SEC Thinks Crypto Airdrops Are Securities. Here's Why This Lawyer Thinks It's Wrong

CoinDesk Podcast Network

CHAPTER

SEC's Stance on Crypto Airdrops

This chapter explores the SEC's interpretation of the Howey test as it pertains to cryptocurrency airdrops, positing that promotional activities for free tokens may constitute an investment of money. The speakers critique this perspective, highlighting an ongoing lawsuit contesting the SEC's classification of airdrops as securities, specifically discussing Beba's token airdrop as a product discount rather than a security. The chapter further examines the complexities of U.S. regulations on crypto airdrops, the implications for projects operating in this space, and the broader debate regarding the future of crypto regulation.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode