Key Points
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Regulators just published a document explaining how they will think about regulating cryptocurrencies.
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It creates a classification scheme that divides crypto assets into five different categories.
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Although it mostly reduces regulatory risks for coins, it also introduces a few new potential problems.
On March 17, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued new guidance that effectively creates a formalized taxonomy for how regulators will govern crypto assets. The sweeping classification scheme is going to have major consequences for the future of the crypto markets, and, at least right now, the implications appear to be very positive.
So without further ado, here are four…
