token launch legal guide
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What Is the Howey Test and Why Does It Matter for Crypto and Token Projects?
The Howey Test is the most frequently cited legal framework used by regulators to determine whether a crypto token or digital asset qualifies as a security. This article explains the Howey Test in simple terms, why it matters for crypto founders and startups, how regulators apply it to token launches, and what practical steps founders can take to reduce legal risk before launching a token.
