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Don Ho, Esq. Profile picture
Don Ho, Esq.
@dhoesq
Husband. Father. Son. Recovering attorney. Sold two businesses. I tweet about tea and tech. Always sleep deprived - send 🍵
May 15, 2022 • 18 tweets • 3 min read
***LONG THREAD WARNING***

Everyone in web3 has heard of the SEC's Howey test - the framework used to determine if an asset is a security or not...but most don't understand the "balancing test" the SEC uses...or how that might apply to NFTs.

1/18 The Howey Test comes from the 1946 case SEC v. W.J. Howey Co., in which the SC held that an "investment contract" is a security...and therefore subject to securities regulation.

2/18