People should understand that companies going forward will just issue crypto tokens instead of deal with the securities regulations that have protected investors for a century. There will be no disclosure of things like income, assets, ownership structure, and risks.

The #SEC has already changed the rules so that a company that wants to issue a token to raise money can just say "this is not a security and thus is unregulatable" and if the SEC does not object within 60-90 days then that company is in the clear permanently.

Mark my words, we're going to see #SpaceX, #Tesla, #OpenAI, and all the other opaque private companies burning insane amounts of money issuing tokens in the not to distant future.

https://x.com/BanklessHQ/status/1906753486659920045

#uspol #finreg #CFTC #regulation #corruption #HoweyTest #howey #RobinHood #VladTenev

Bankless (@BanklessHQ) on X

.@RobinhoodApp CEO @vladtenev on why we need to tokenize private companies like SpaceX & OpenAI 👇

X (formerly Twitter)

Howey’s Silo Series of books has an interesting premise. There are sections that I thought were well-executed. But ultimately there are too many holes in his plot for it to be successful for me.

I’m glad I took the time to read the books. I’m very curious to see how Graham Yost deals with the plot’s problems for the remaining two seasons. He’s already substantially changed the role of some of the characters who play roles in the first and third book.

#Silo #Howey #AppleTV

I was going to treat myself, and purchase the Audible book of Hugh #Howey's "Dust" novel, the 3rd in the silo series. Have read all of them, and own the other 2, thought it would be good to have the set.

I was presented with a price of $25.50 for the audio book. I gasped, and then looked around. If I was willing to sign up for their damned Audible membership, I could get 1 credit (good for 1 book) for $14.95, the usual cost of an audio book at Amazon. Of course, I could use the credit, and then cancel the membership.

I didn't. This is Amazon desperately trying to game their numbers for their shareholders.

#SciFi #Amazon

How does the SEC argue that #Coinbase operates as an unregistered broker, even if it falls outside the #Howey Test's scope?

SEC sues #Coinbase over Howey Test and registration. Debate centers on security definitions Coinbase claims #regulatory clarity is lacking.

https://coinpedia.org/news/coinbase-vs-sec-sec-opposes-coinbases-effort-to-settle-lawsuit-calling-for-continuation/

Coinbase vs. SEC: SEC Opposes Coinbase's Effort to Settle Lawsuit, Calling for Continuation

On Tuesday, the SEC presented its case against Coinbase's pre-trial plea, emphasizing correctly applying the U.S. Howey Test. The core disagreement

Coinpedia Fintech News

Want to Know What is the "#Howey Memo," and why is it causing such a stir in the #Ripple-SEC lawsuit?🤔

#Ripple's lawyer accuses the SEC of hiding the "Howey Memo," which could challenge #XRP's classification and impact the lawsuit outcome.

🔥Don't Miss This Interesting Information 🔥
https://coinpedia.org/news/ripple-vs-sec-update-sec-accused-of-keeping-key-xrp-memo-hidden/

Ripple vs. SEC Update: SEC Accused of Keeping Key XRP Memo Hidden

In the midst of the heated legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), attorney John Deaton, representing XRP

Coinpedia Fintech News
Silo is highly addictive #silo #howey
@acemaxxanalytics Fun fact: #crypto being a #security in the sense of #Howey formally requires that “investment” therein involves a “reasonable expectation of profits”, implying the lawsuit ironically qualifies as an implicit endorsement of #cryptocurrencies. Before “investing” any money in crypto, consult a professional financial advisor - there might be other investment prospects that you haven’t considered and suit your needs better.
"The #SEC has generally submitted #cryptocurrency projects to the so-called #Howey test—by which every asset sold with the promise of profits deriving from someone else’s efforts qualifies as a security—and has slapped major players with lawsuits and fines for selling #crypto tokens to the public without abiding by securities law. ... “Cryptocurrency issuers aren’t providing those #disclosures, and #investors and speculators are getting harmed.” https://www.wired.com/story/cryptos-free-rein-may-be-coming-to-a-close/
Crypto’s Free Rein May Be Coming to a Close

Lawmakers in the US and Europe are considering ways to regulate crypto and crack down on money-laundering and other illicit activities.

WIRED