The rate and scope of cryptocurrency adoption in recent years show a desperate need for modern regulation that protects investors while allowing innovation to thrive. As it stands, most crypto tokens fall into the gray area of regulation as they do not fit within the confines of the traditional financial system.
The SEC is currently applying a legal analysis, “The Howey Test.” base A 1946 U.S. Supreme Court decision distinguishes between securities and non-securities. I claim there is.
