Deaton referenced a recent video interview featuring Gensler talking about how securities laws apply to most of the tokens in the industry. The crypto lawyer categorically stated that the said securities laws do not apply to these tokens, as determined by the Howey test and exemplified in the latest Ripple ruling.
Deaton said that, in reality, securities laws may apply to the"offer and sell of tokens, including #BItcoin ." To buttress his point, the vocal legal expert noted that there is no distinction in the type of asset, so long as the offering presented conforms with the prongs of the Howey test.
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