Hello Crypto Supporter,

are there any discussions going on at bitcointalk about the SEC declaring tokens as security and therefore hinder trading those.


The SEC uses the so caled Howey Test to determine if a token is classified as a security.

More about the test: http://consumer.findlaw.com/securities-law/what-is-the-howey-test.html

Interesting paper from coinbase with a test at the end: https://www.coinbase.com/legal/securities-law-framework.pdf



So I wonder if there are any lists out there of tokens who potentially could end up as securites?


As far as I understood a token who pays some kind of dividend in order to reward token holders is more likely to be classified as a security?

TenX would be a prime example for this.


Can anyone elaborate on this?


Thx in Advance!