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Stuart Alderoty (@s_alderoty): He says the SEC has given clear crypto guidance, but that "guidance" which is still on its website today, adds and subtracts factors to the Howey test…

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He says the SEC has given clear crypto guidance, but that "guidance" which is still on its website today, adds and subtracts factors to the Howey test at whim, leading to what the agency's former General Counsel said was “greater confusion.”

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