Jake Chervinsky commented on the Kin Foundation incident: this is the most important thing in the 2019 encryption securities law

Jake Chervinsky, a US law enforcement defense and securities litigation attorney, said on Twitter on May 28 that the Kin Foundation’s request for a new Howey Test on cryptocurrency commented that this is a 2019 encrypted securities. The most important thing in the legal world is much more important than any SEC guidelines or proposed legislation. The US SEC has always claimed that digital tokens are marketable securities, but can they prove this in court? Respect the position of Kin.