Howey Test

On April 18th, it was reported that the Dash community responded to the statement by the US Securities and Exchange Commission (SEC) that Dash is a type of security, stating that \”

According to reports, lawyers said that Dapper Labs might not succeed in the class action against its Top Shot NFT, and other projects should be paid attention to. Lawyers of Skadden, Arps, Slate, Meagher and Flom LLP in the United States said that the court decided last week to allow the class action accusing Top Shot moments of securities to continue to advance, which indicates how NFT might be treated in the future. There are two key factors in this case, namely Howey Test and Dapper Lab’s sole control over…

It is reported that Gabriel Shapiro, the general counsel of Delphi Labs, said on Twitter that the lawsuit of the United States Securities and Exchange Commission (SEC) against Terraform Labs and its co-founder Do Kwon could be regarded as the “road map” of the SEC to ban other stable currencies. Shapiro said that the SEC’s argument in the lawsuit was “more thorough than usual”. The SEC’s lawsuit has four firsts: 1. It claims that the stable currency (UST) is a security; 2. It is claimed that the synthetic stock (mAsset)…