Coinspeaker
Bitcoin and Ethereum Under Howey Test Are Commodities Not Securities
The cryptocurrency regulatory debate in the United States has brought together different minds on understanding how to proceed with the crypto and blockchain technology adoption. Undeniably, the United States regulators understand that the crypto market is here to stay. As a result, an entire ban on the crypto industry is out of the picture as other global jurisdictions move to regulate the industry for mainstream adoption.
Moreover, a recent study conducted by Triple-A shows that global crypto ownership has surpassed 420 million with the North American continent amounting to about 54 million users. Asia holds the largest share with about 260 million people either using crypto for payments or holding to hedge against inflation.
With the figures expected to rise exponentially in the coming years, institutional investors have begun to double down their investments in the crypto market, mostly Bitcoin and Eth
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