🏛️⚖️🤔 SEC's Latest Crypto Guidance — Still Leaves Critical Questions Unanswered!

🔹 New taxonomy splits crypto into 5 categories (commodities, tools, stablecoins, securities) but Howey test application remains "case-by-case" — no blanket clarity 📋❓

🔹 Assets can "separate" from investment contracts as networks mature, but no timeline or specific criteria given — still requires expensive legal analysis for each project 💸⚖️

🔹 Bitcoin, ETH, SOL officially non-securities but broader market activities need ongoing assessment — DeFi protocols still in regulatory limbo 🔄🎲

Lawyers getting rich while builders stay confused 💰🤷‍♂️

#SEC #Crypto #Regulation

@money