>>20162360What is the definition of a security as per the SEC?
>he SEC refers to the Howey Test to determine whether an investment contract exists and a security is being sold. According to this test, an investment contract exists if 1) there’s an investment of money, 2) in a joint enterprise, 3) with the expectation of a profit, 4) which is obtained through the efforts of others.By definition, everything that is not Bitcoin is a SECURITY
