Cryptocurrencies, NFTs, and the Expanding Definition of “Investment Contract”: Has the SEC Already Torpedoed the Howey Test? 0 By David B. Guenther on October 17, 2025 Vol. XXX Issue 2, Vol. XXX Issue 2 Cryptocurrencies, NFTS, and the Expanding Definition of Investment Contract Download a copy here Commercial Transactions Cryptocurrency & NFT Regulation Investment Rules Securities Regulation