This is the Howey Test

[Anonymous No.55302986]

and it determines whether or not a cryptocurrency project is deemed to be a security in the United States. As you can see, it’s quite simple. And there are many projects which clearly satisfy all four criteria, but did not legally register as securities. If you hold any of them, you should keep all of this in mind.

[The buyer of /biz/ No.55303019]

No
This test is no law and determines NOTHING

[Anonymous No.55304224]

>>55303019
It's enough to exercise political legal pressure to force a treasonous private sector to break

[Anonymous No.55304255]

>>55302986
wtf is living in a society an unregistered security

[Anonymous No.55304280]

>>55304255
>Parents pay for my birth + birth certificate
>I'm an unregistered security

[Anonymous No.55304305]

Nah us Congress knows all laws are out of date, and the reps know that there's a dem clique doing shady shit. Someone posted a twitter (yeah) thread yesterday

https://twitter.com/MattWalshInBos/status/1669061636953366528?t=hmBhfP4cWuIAR71nWekeYQ&s=19

There's a video in it, I'd advise everyone to watch it, it's shocking how blatant their bullshit is

[Anonymous No.55304330]

>>55302986
Baseball cards, beanie babies, sealed classic video games, sports betting, is there anything that isn't a security?

[Anonymous No.55304346]

>>55304305
Republicans are not in power. Democrats know very well that repbcucks bet big on crypto. If you aren't a mouth breather you know the next act

[Anonymous No.55304367]

>>55304346
I'm not a burger , what happens next?

[Anonymous No.55304375]

>>55302986
uh oh looks like Ethereum is a security under this test

[Anonymous No.55304401]

>>55304367
Republican grassroot campaigners are going to lose their grift. And because they couldn't stop spamming a dead web 1.5 website to scam a few idiots and train their artificial indians they made a former ally an enemy that delivered the necessary narratives for the dems to reach their goal.

[Anonymous No.55304503]

>>55304280
>when I'm 18 i go work for some company
>they invest money to train me
>company expects to make a profit
>company makes a profit

[Anonymous No.55304604]

>>55303019
You wish, baggie.

[Anonymous No.55304626]

>>55304604
You need to leave, alliances are always just temporary, and you have no dealing in this town

[Anonymous No.55305453]

>>55302986
yes, with everything the gobberment does it misses vital points which define the difference

[Anonymous No.55305571]

>>55302986
>the expectation of profit
LMAO what kind of idiot would expect this when investing into ethereal cyber units

[Anonymous No.55305596]

https://twitter.com/EleanorTerrett/status/1668689728713924608
It will change soon unless the US wants to be left behind.

[Anonymous No.55306051]

Well, I guess my child is a security then.
What's Gary's address? Time to ship him over.

[Anonymous No.55306264]

>>55304224
And that is what the private sector simply doesn't get. That happens if you hire failed lawyers instead of political strategists

[Anonymous No.55306664]

>>55302986
>with the expectation of
doesn't this depend on the person buying it? how is this a useful metric at all???

[Anonymous No.55306723]

>>55306664
No. And too many big funds and other private sector faggots that are bound by laws to the interest of their share holders to derive a profit went big in crypto scams like eth; and that is beside scams like eth continuously selling tokens they kept to investors to fund development on their "network" creating expectations of profit from buying their scam token at market value, instead of production value; 0, like pokemon cards created from thin air

[Anonymous No.55307491]

up

[Anonymous No.55308857]

>>55306723
>>55307491
This. Gensler and the SEC are just chipping away at the small fry right now as a warning shot to the big institutional ETH holders. Once that is done, the crosshairs will be squarely on ETH, and then it will unironically be over for ETH.

[Anonymous No.55309965]

>>55308857
Eth is the sec's baby. ETHgate proves this, then you have Prometheum ATS is a FINRA member and SEC registered ATS and broker-dealer, approved to operate an Alternative Trading System (ATS) for digital asset securities. Vitalik works for them.

[Anonymous No.55310016]

>>55302986
Best way to deal with this is to consider if a shitcoin is a commodity.

The one thing that makes a commodity, a commodity, is that it requires work, time and investment to be created and its value is not determined by a single, central entity.

Oranges are a commodity, because you need land, industrial irrigation and farm equipment to grow them and labour to harvest them. You cannot "print" oranges out of thin or fix their price, which is based on a whole lot of inputs and a global network of suppliers.

For the same reasons, Bitcoin is a commodity, it has no central issuer, no CEO, and it requires time, energy and hardware to be created.

Shitcoins, meanwhile, are printed the by the trillions, out of thin air, with the mouseclick of some greedy, faggot "developers", who then retail a substantial part of the premine and dump it on retail idiots in some controlled fashion to fix the price. They are neither backed by time, value or energy. They are worth exactly zero, and are securities, because these "devs" are using them for funding.

[Anonymous No.55310086]

>>55309965
>Bunch of (((rumors))) released
>When Powell confirmed higher rates
>dot plot looks like hell for the next 3 years
>Inflation data still is elevated
The word is stagflation and the last time stagflation was a thing, the 1970s there were 2 winning trades: hording fiat to buy shit cheap in the 80s and oil

[Anonymous No.55310142]

Let's face it, the only illegal security in crypto is BTC. Buyers are seeking profits via relying on the efforts of Mike Saylor to shill their bags and not dump his own. Nobody expects sickos like vitajeet and other altcoin "devs" to expend effort on more than selecting which mansion to buy when they dump their bags.

When it comes to crypto beyond BTC, expectations of profits come entirely from your own efforts (shilling to your family and friends and then dumping bags on them). The only crypto with a CEO controlling the promotion and messaging is BTC.

[Anonymous No.55310152]

The Howey Test is incredibly vague and meaningless.

[Anonymous No.55310154]

>>55310142
The absolute desperation of shitcoiners....

[Anonymous No.55310166]

>>55310142
no. btc is the only non security
Not because it isn't effectively a ponzi, no because craig wright lost his keys, and the development was done not for monetary gains from him the developer of btc, but decentralized. So nobody can sue him, because he cant proof it

[Anonymous No.55310205]

>>55310016
You don't know what commodity means and should figure that out before trying to speak with authority on the topic.
You can make a strong argument that BTC fails as a commodity due to its fundamental lack of fungibility btw.

[Anonymous No.55311118]

>>55304375
Poor mETHheads. That crap is going downhill for so many reasons...

[Anonymous No.55311611]

>>55302986
what a shitshow to see biz poorfags panicking about their bags being declared a security, I mean, you just need to get into the right bags and thats it kek

[Anonymous No.55311702]

>>55302986
Most crypto projects don't fit OP's criteria.
1. yes
2. sort of
3. no. capital gains aren't considered profit in this case. Just like gold isn't considered a security even though you can gain a profit from it via capital gains. A profit in this legal sense has to be gained from "common enterprise" selling something. In crypto's case, the common enterprise sells nothing at all. It only calculates cryptographic hashes and performs network communications.
4. no. The "common enterprise" doesn't employ anyone to do any work.

[Anonymous No.55311756]

>>55311702
Foundations that develop their networks in a technical way and keep selling tokens to investors are good enough to satisfy 3 and 4.

[Anonymous No.55311768]

>>55302986
its not an investment you're buying a product

[Anonymous No.55311785]

>>55311768
Are you trying to argue that vc buy pokemon cards because they are pokemon cards? Their share holders would sue them instantly if they wouldn't expect profits to be derived from that investment

[Anonymous No.55311919]

>>55304375
That would scare me if I wasn't so convinced that you are indeed a homosexual. Power bottom if I had to postulate further.

[Anonymous No.55311948]

>>55311919
The lobbying is done. You are fucked. Because you are a jew. Enjoy Israel getting nuked

[Anonymous No.55311959]

>>55302986
Luckily I am a valuable member of Chainlink enterprises and they have entrusted me with ensuring the price of Etherium is reported correctly on chain. I take this job seriously and my expected profits are on behalf of the work of myself and other valuable Link Marines.

[Anonymous No.55311969]

>>55302986
4 seems very open to interpretation