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