Tether is under undisclosed SEC investigation, FOIA blocked

Re:Tether is under undisclosed SEC investigation, FOIA blocked by gruez on Friday September 24, 2021 @11:26AM (#28643713)

>not that all securities are "investment contracts".

If you search around people do seem to think that "investment contracts" are "security" (eg. https://www.investopedia.com/terms/h/howey-test.asp) although I can't find someone saying "investment contracts iff security". If that's not the case, can you list what else counts as securities, and why do you think stablecoins meets those definitions?

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Re:Tether is under undisclosed SEC investigation, FOIA blocked by josefx on Friday September 24, 2021 @11:42AM (#28643944)

I am far from an expert however following https://www.investopedia.com/terms/s/seact1934.asp the SEC can over see over the counter securieties (https://www.investopedia.com/terms/o/otc.asp) that seems to cover financial contracts that derive their value from an underlying asset. As far as I understand Tether is backing its value with dollars and has already been in trouble over lending the money it officially used to back its cryptocurrency away without disclosing that to its users.

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Re:Tether is under undisclosed SEC investigation, FOIA blocked by gruez on Friday September 24, 2021 @01:37PM (#28645512)

But that argument only applies if the underlying asset is a security, right? Is cash a security?

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