Former SEC Lawyer: What You’re Missing About Securities, Ripple/XRP, & Prometheum l Overpriced JPEGs #188

Aug 9, 2023

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✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs ------ 🚀 SUBSCRIBE TO THE OPJ NEWSLETTER: https://jpegs.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/overpricedjpegs ------- Timestamps: 0:00 Intro / Announcements 5:41 The Significance of the Ripple Case 8:39 Using the Howey Test for Evaluation 12:03 Distinguishing Common Stock and Securities 17:40 Digital Assets as Investment Contracts 20:25 Looking at the New Ruling 24:02 Is the Token Itself the Investment Contract? 31:22 The Orange Grove Analogy 33:44 How Decentralization Complicates the Howey Test 38:10 When Does a Token Decouple From the Issuer? 42:02 Can a Clear Path Be Found? 45:18 Ramifications of Tokens as Securities Then Commodities 46:05 Where "Orange Grove Investors" Find Their Return 47:23 The Required Disclosures For Crypto 50:29 The Disclosure Requirements For Securities 54:18 How Would a Company Issue a Token Now? 56:09 Nerves Surrounding an Appeal 58:51 Putting NFTS to the Howey Test 1:00:20 Matt Levine's Ripple Piece ------ Resources: Prometheum / Paradigm Debate: https://youtu.be/z5Yj5o6ycgM ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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