Bakkt's Marc D’Annunzio said applying securities law to crypto would not "drastically impact" a token's use. But it could change who has access to these open source networks.
An attempt at classifying decentralized, open-source protocols as regulated exchanges is a "gussied up ban on blockchain in the U.S.," ConsenSys lawyer Bill Hughes writes.
The Securities and Exchange Commission has accused Bermuda-regulated Bittrex Global of failing to register as a securities exchange in a lawsuit targeting U.S.-based Bittrex I...