Commissioners Peirce and Uyeda criticize SEC’s approach to crypto after ShapeShift case

The Securities and Exchange Commission (SEC) recently initiated an enforcement action against the cryptocurrency firm ShapeShift, accusing it of operating as an unregistered securities dealer. This move is part of the SEC’s application of the Howey Test, a method derived from a 1946 Supreme Court case used to determine whether an asset qualifies as a […] source: https://www.cryptopolitan.com/peirce-uyeda-criticize-sec-shapeshift-case/