Law
The Legal Status of Cryptocurrency Under Securities Regulation
Quick fact
The SEC has avoided giving blanket rule for all cryptocurrencies, choosing instead case-by-case enforcement actions, which creates unpredictable legal terrain for investors and developers alike.
Why this is interesting
You might think buying Bitcoin is just like buying gold or a foreign currency—but the SEC might see it as buying a share in a company. Could your favorite cryptocurrency be considered an illegal security?