SBF: FTX US Will Decide What Counts as a Crypto Security

The US arm of crypto trading giant FTX will begin conducting its own analysis to determine whether assets are securities before listing them, SBF said in a blog post published on Wednesday. While US regulators have said some tokens, like Bitcoin, aren’t securities, "there are a number which are unclear". Until there’s more clarity on the issue, FTX US will have its legal team conduct an analysis of each asset it wants to list under a decades-old framework for assessing whether something is a security, known as the Howey Test, SBF added.