IntroductionHowey Test is a 4 step test used to distinguish securities from commodities. Before knowing Howey Test in deep let’s take a quick look on commodities and securities . Later we discuss about steps of howey test and why it becomes very important in today’s world. Both commodities and securities are entities which are held by public may or may not for trading purpose .Commodity and security tokens share some similarities, but also have important differences. Security tokens show that...