This post is by Fred Wilson from AVC
Click here to view on the original site: Original Post
This Unchained Podcast with Patrick Gibbs of the law firm Cooley and Ted Livingston founder of the Kin cryptocurrency project is a great discussion of the Howey Test that the SEC has put forward as the framework through which to evaluate whether a crypto token is a security.
Here are links to some interesting parts of the discussion:
This is the kind of stuff that mostly interests law nerds, but it is very relevant to all developers who are building crypto tokens and putting them out into the market. So it is worth getting knowledgeable about this stuff.
And if you want to support this Kin case as it works its way through the court system and ends up creating a new
that could supersede Howey, you can do that here.