Are cryptocurrencies securities? NJChrisRobbins explores this question in this week’s Crypto for Advisors newsletter:
“Many or most crypto assets have significant regulatory risk, particularly as it relates to being securities under U.S. law, but we think these problems are now solved for bitcoin,” said Andy Edstrom, the head of institutional investment at Swan Bitcoin. “We don’t think this question has been answered for most other digital assets, and they potentially pose problems for intermediaries like financial advisors.”, but no other alternative coins .
, and [Coinbase] had to take the token off of its platform. If that happened to us, we would have to notify all our advisor clients that they were using a security. We want to protect our clients.”“The reality is that Ethereum isn’t really decentralized; the ownership is highly concentrated,” said Edstrom of the blockchain.”The
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