{"slug":"manav-not-a-security","title":"Why $MANAV is not a security","summary":"We ran the Howey test on ourselves. We ran MiCA on ourselves. Here is the math.","lede":"We ran the Howey test on ourselves. We ran MiCA's classification framework on ourselves.","date":"2026-05-03","reading_time":"5 min","category":"Crypto","tags":["Howey","MiCA","SEC","regulation"],"image":"https://cdn.twc.sh/images/igcache/Manav%20Not%20a%20Security/1500_900/blog.jpg","url":"/blog/manav-not-a-security.html","wordcount":700,"related":["manav-token-explained","proof-of-human-work","trust-layer-100b-company"],"schema":"Article"}