Category: digital assets

EDT
On October 11th of this year, a joint statement by the SEC, FinCEN, and the CFTF was released. This statement was a single node in a growing network of legal discourse on digital assets and currencies. It functioned largely as a clarification of law surrounding digital assets. It includes specific statements from each entity involved,
EDT
On September 24th of this year, all five SEC commissioners were invited to attend a House Financial Services Committee Hearing. This marked the first time the full commission attended a hearing since 2007, a full dozen years prior. The hearing was officially entitled “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the
EDT
The SEC published a Framework for Investment Contract Analysis of Digital Assets on April 3, 2019. The analysis provides guidance for applying the Howey test to digital assets to determine if they are investment contracts or securities. The test was created in the 1946 U.S. Supreme Court case, SEC v. W.J. Howey Co.   The Howey test