entity · derived
Efforts of others
Derived node: assembled mechanically from the claims carrying efforts-of-others. A roster, not an adjudicated definition.
Every claim under this term
- 4021599-014 : For digital assets the decisive element of the Howey analysis is whether the purchaser of the token has a reasonable expectation of profits derived from the efforts of others, which the SEC divides in
- 5583610-021 : The fourth Howey prong fails because LER accrual is automated by smart contract and driven by the shareholder's own decision to keep holding, leaving the issuer's role ministerial rather than entrepre