05 Jul 2022

Crypto’s Free Rein May Be Coming to a Close

Regulation is coming for crypto. After more than a decade when cryptocurrencies and related technologies have surged, boomed, and busted in a regulatory vacuum, lawmakers in both the US and Europe are writing new rules for a sector that has grown dangerously large in both value and reach, touching $2.9

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24 Jun 2022

Time for Crypto to Make Nice With Regulators

If you still think cryptocurrency can thrive best within the ambiguous, ill-defined, geographically varied and relatively lax regulatory system, you haven’t been paying attention. With the spectacular failures of TerraForm Labs’ LUNA/UST and Celsius, the systemic fallout from the liquidity challenges at Three Arrows Capital and the erasure of almost

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24 Jun 2022

On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are a complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wrote about blockchain in 2019. In

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22 Jun 2022

Congress can do better than the Howey test for crypto regulation

Cryptocurrencies are generally not subject to federal regulation unless they are deemed to be “securities,” in which case the Securities Act of 1933 requires them to abide by disclosure requirements and antifraud regulation by the Securities and Exchange Commission (SEC) if they are offered to the public. The test the SEC

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16 Jun 2022

SEC’s Expansion of Crypto Assets and Cyber Unit Signals Increased Enforcement Ahead

In a move that further executes upon the SEC’s increasingly tough rhetoric on cryptocurrency and cybersecurity, SEC Enforcement recently announced that it will nearly double the size of its newly-renamed Crypto Assets and Cyber Unit, the specialized unit that focuses on enforcement in those areas. This development is remarkable for

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15 Jun 2022

How Can Crypto Investors Avoid the Regulatory Risks Associated with Centralized Storage.

Cryptocurrency storage is one of the most important things that investors should consider when joining the burgeoning digital asset market. However, most people in this space have little to no knowledge of the existing options. As it stands, crypto exchanges currently hold the larger share of investors’ capital despite the associated

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14 Jun 2022

There’s a new plan to regulate cryptocurrencies. Here’s what you need to know

Things change fast in the world of crypto. Prices were at dizzying heights in November, and then came the crash. In just a couple of weeks in May, cryptocurrencies lost more than half a trillion dollars in market value. The most spectacular implosion was a cryptocurrency called TerraUSD. It was a stablecoin

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14 Jun 2022

In defense of cryptocurrency

Last week a group of technologists, including Bruce Schneier, sent a letter to Congress outlining their concerns around cryptocurrency and urging Congress to regulate the space. Now let me be the first to say that I broadly support this goal. I have no problem with the idea of legislators (intelligently) passing

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13 Jun 2022

Expanding SEC’s Crypto Assets and Cyber Unit Is Essential – But There Are Potential Risks

The SEC recently announced that it was doubling the size of its unit which deals with cryptocurrency assets. It plans to increase the footprint of the unit to reach 50 agents. The unit was first launched in 2017 and since then, has brought forward over 80 enforcement actions, mostly related

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13 Jun 2022

How do Cryptocurrencies Affect Cybersecurity?

The digitization of our world is continuing at an accelerating pace. More and more of our lives and our economy are moving online. Even our money is increasingly digital. We use credit cards and bank transfers to make most of our purchases and electronic wallets to store our money. With

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