A hearing before the US Congress Committee on Financial Services will deal with the matter of the security status of digital assets. The hearing, a closed meeting with five Commissioners from the US Securities and Exchange Commission, will deal with multiple matters of finance, but leave a section for discussing the regulations of digital assets.
The documents on the upcoming hearing pointed to the “Howey test”, a checklist of features that has been used of late to determine the security status of digital assets. US regulators resort more often to that test, which may end up affe...