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Gensler is applying a test from 1946 to a cutting-edge technology. The Howey test was not developed to include blockchain. Congress has to enact new laws for digital assets.

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He’s not using Howie, he’s using Reves.

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Senate might define new agency objectives if that gets traction. Next stop is new rule-making. random law suits on certain coins in between. I give it 2 more years if the senate moves on it.

Time to take money off of Celsius? Idk.

They are securities

*intangible

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