Oversight of crypto assets is a hot regulatory topic in the U.S.
Regulators and lawmakers are trying to design a new legal framework that offers more clarity to companies and investors. The Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC) seem to be the most active agencies in regulating this space either with some regulatory proposals or through enforcement actions. Yet their jurisdictional limits to oversight crypto assets aren’t clear. The agencies seem confident they have broad crypto regulatory mandates, but Congress and some courts may set boundaries.
SEC Jurisdiction
SEC’s Chair Gary Gensler has stated that “crypto products are subject to securities laws and must work within our securities regime.” This statement from 2021 is probably old now, and even Mr. Gensler has admitted in Congress that bitcoin is probably a commodity and other cryptocurrencies like ether may also be a commodity.
However, the definition of “securities”...
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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...