After largely staying on the sidelines as cryptocurrencies developed, the SEC has jumped into the regulatory pool with both feet. Several developments this year make clear the agency has put the industry on notice: abide by our rules or find yourselves in legal hot water.
Balancing—But Basically Restating—Existing Rules
For crypto entrepreneurs, their lawyers and auditors, here are the four critical regulatory takeaways from the Securities and Exchange Commission’s FinTech Forum held on May 31, 2019:
- The SEC presumes your public offering of digital assets is a securities offering;
- The SEC presumes your platform for transferring digital assets is a ...