<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvMDc2NGNhMzItOWY2Yi00YzcxLTg1OWQtZDUyMjBkYjZlODE0LmpwZw==.jpg"></p><p>The Howey test’s impact on cryptocurrency, explained — legal implications, compliance requirements and more.</p>