Tags: Howey Test

US Capital building (Matt Anderson/Getty Images)

SEC Chair Gary Gensler at a U.S. Treasury council hearing in October 2022 (Anna Moneymaker/Getty Images)

The brother of a former Coinbase employee allegedly profited from an insider trading scheme and now has 20 years to repay the funds.

Ripple‘s XRP is not a security, says Hogan, due to lack of implied or explicit investment contract.

The government has great power to curtail the advance of this industry. In the same vein, it has the power to help it. Crypto leaders should recognize that power and seek to harness it constructively.