CyrusEVM.eth (cyrusevm)

The short answer is that the Howey test is too broad, and the fifth element of the test is whether the SEC wants to regulate the market. Brian Frye covers this well here: https://www.rightclicksave.com/article/why-i-sued-the-sec-law-regulate-art-nft

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You are too kind, sir. I’m here to learn from and help builders like you. 🤝

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