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A comment on SEC asked Coinbase to halt trading for everything except Bitcoin (FT). Parent comment

Re:SEC asked Coinbase to halt trading for everything except ... by GoblinSlayer on Monday July 31, 2023 @06:00AM (#36940518)
Then everything is a security, because you can exchange anything for money while saying words.
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Re:SEC asked Coinbase to halt trading for everything except ... by Terretta on Monday July 31, 2023 @08:14AM (#36941466)
Saying certain words, yes. The “Howey Test” referenced by GP is based on a ruling from SEC v. W.J. Howey Co., which reached the Supreme Court in 1946:

An investment contract exists if there is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others."

https://www.investopedia.com/terms/h/howey-test.asp

If the words sound like that, careful.

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