The US is trying to regulate cybercurrency offerings. It’s still unclear whether it has the authority to do so.
Federal judges in Brooklyn, New York, are about to rule on the question. In doing so, they could determine whether Bitcoin and other stateless currencies are securities that can be regulated like stocks or bonds. Courts across the country are likely to consult these rulings when considering other cybercurrency cases. “If it’s not a security, then what is it?” said Peter Henning, a former SEC and Justice Department lawyer who is now a ...
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