#SECCryptoRoundtable My friend, there is a big story going on between cryptocurrency people and the U.S. government, especially the Securities and Exchange Commission.
In summary:
Some people say that cryptocurrencies are like commodities, meaning like gold or oil, not securities.
But the U.S. government, represented by the Securities and Exchange Commission, says no, these are securities and must be registered and comply with certain laws.
* If the government wins, the companies dealing in cryptocurrencies will face some difficulties; they will have to register and provide documents and information to investors.
In summary:
Some people say that cryptocurrencies are like commodities, meaning like gold or oil, not securities.
But the U.S. government, represented by the Securities and Exchange Commission, says no, these are securities and must be registered and comply with certain laws.
* If the government wins, the companies dealing in cryptocurrencies will face some difficulties; they will have to register and provide documents and information to investors.