ATS & Broker-Dealer License Tracker
Every SEC-registered Alternative Trading System approved for digital securities trading in the US — who's licensed, pending, and what their approval means for secondary market liquidity.
SEC Digital Asset Enforcement Tracker
Every major SEC enforcement action against tokenized securities and digital asset companies — from Ripple to BlockFi — with settlement amounts and market implications.
State Regulation Scorecard: 50-State Crypto and Tokenization Tracker
Wyoming leads, New York restricts, Texas liberalizes — a comprehensive scorecard rating all 50 US states on their digital asset regulatory environment.
The Howey Test
The four-prong test from SEC v. Howey Co. (1946) that determines whether a transaction constitutes an 'investment contract' and thus a security subject to SEC registration.