The Howey Test Applied to Digital Assets: SEC's Securities Classification Framework
SEC's application of the 1946 Supreme Court Howey test to digital tokens — analyzing the four-prong investment contract analysis that determines whether a token constitutes a security under federal law.
Regulation D 506(c) for Security Token Offerings: The Complete Framework
Comprehensive guide to Reg D 506(c) — the primary SEC exemption for publicly marketed security token offerings to accredited investors, including verification requirements, Form D filing, general solicitation rules, and integration doctrine.
SEC Crypto Task Force 2025: Structure, Mandate, and Early Actions
Analysis of the SEC's reconstituted Crypto Task Force under new leadership — organizational structure, mandate evolution from enforcement-first to engagement-first, early regulatory actions, and impact on the tokenized securities landscape.
SEC Framework for Investment Contract Analysis of Digital Assets
Line-by-line analysis of the SEC's 2019 guidance framework identifying 30+ factors for determining whether digital assets constitute investment contracts under the Howey test.
The Howey Test Applied to Digital Assets: SEC's Securities Classification Framework
SEC's application of the 1946 Supreme Court Howey test to digital tokens — analyzing the four-prong investment contract analysis that determines whether a token constitutes a security under federal law.
Regulation D 506(c) for Security Token Offerings: The Complete Framework
Comprehensive guide to Reg D 506(c) — the primary SEC exemption for publicly marketed security token offerings to accredited investors, including verification requirements, Form D filing, general solicitation rules, and integration doctrine.
SEC Crypto Task Force 2025: Structure, Mandate, and Early Actions
Analysis of the SEC's reconstituted Crypto Task Force under new leadership — organizational structure, mandate evolution from enforcement-first to engagement-first, early regulatory actions, and impact on the tokenized securities landscape.
SEC Framework for Investment Contract Analysis of Digital Assets
Line-by-line analysis of the SEC's 2019 guidance framework identifying 30+ factors for determining whether digital assets constitute investment contracts under the Howey test.
Regulation S for Offshore Token Offerings: Extraterritorial Exemption Framework
Complete analysis of Regulation S safe harbors for security token offerings conducted outside the United States — offering restrictions, directed selling efforts, flowback prevention, distribution compliance periods, and integration with domestic Reg D offerings.
Regulation A+ for Security Token Offerings: Mini-IPO Framework
Complete guide to Regulation A+ Tier 2 for tokenized securities — the $75 million offering cap, SEC qualification process, retail investor access, ongoing reporting, and comparison with Reg D for token issuers seeking broad market access.
SEC Crypto Enforcement Action Tracker
Live tracking dashboard for SEC enforcement actions against digital asset companies — case status, penalty amounts, litigation outcomes, and trend analysis updated quarterly.
Securities Act Section 5: Registration Requirements for Token Offerings
Detailed analysis of Section 5 registration obligations for tokenized securities — filing requirements, disclosure standards, S-1 and S-3 considerations, and the practical barriers to full SEC registration for digital asset issuers.
SEC No-Action Letters for Digital Assets: Complete Catalog and Analysis
Comprehensive analysis of every SEC no-action letter issued for digital asset projects — TurnKey Jet, Pocketful of Quarters, and subsequent relief requests — with conditions, limitations, and precedential value.
Reg D Digital Asset Filing Analytics Dashboard
Quantitative analysis of Form D filings for digital asset securities — filing volumes, offering sizes, geographic distribution, and capital formation trends tracked through SEC EDGAR data.