The U.S. Securities and Exchange Commission has a tall order: work out a regulatory framework for an industry that has been around for over a decade and prides itself on being unregulated.
But the SEC isn’t shying away from the task.
Last week, it charged a former Coinbase product manager, his brother and his friend for insider trading of crypto assets that generated illicit profits of more than $1.1 million.
An important takeaway from the case is that the SEC decided that nine of the 25 digital tokens involved are unregistered securities.
This sparked debate online, with some saying the SEC was using vague reasoning to make the determination.
The billionaire owner of the NBA’s Dallas Mavericks, Mark Cuban, took to Twitter to give his initial thoughts.
“Wait till you see what they come up with for registration of tokens,” he tweeted. “That’s the nightmare that’s waiting for the crypto industry. How else do you keep thousands of lawyers employed and create reasons to ask for more...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...