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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
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Resources:
Prometheum / Paradigm Debate: https://youtu.be/z5Yj5o6ycgM
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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.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures

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

The Carly P Reilly Show