Bloomberg

The Securities and Exchange Commission, once considered the bane of digital currency proponents, has changed course on a fundamental question defining the regulation of cryptocurrency. 

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“Our interpretation—grounded in existing law and informed by extensive public input—establishes four asset categories that are not deemed securities,” said SEC Chairman Paul Atkins. 

His comments came in conjunction with a public address to crypto advocates in Washington D.C. last month and the release of a 68-page rule