Is crypto a security, bro?
Behind the Money
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The Three Legs of the Howie Test
The Howie Test is what the Supreme Court in 1946 said should sort of be the standard for defining what counts as an investment contract, what counts as a security. And you know, the Howie Test was based on this, this lawsuit over a Florida land deal and Orange grows are our oranges securities - which they definitely are. Not cryptocurrencies, but citrus.
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