Despite the breathless excitement (and no small amount of weirdness) that surrounds blockchain technology, the predictions that it will revolutionize business remain just that – predictions. Still, it probably makes sense to prepare for a blockchain world. European Union officials are trying to do that.
In 2017, the Securities and Exchange Commission announced in the Report of Investigation on The DAO its view that digital tokens (or coins or certain cryptocurrencies) can be securities, subject to regulation by the SEC under the federal securities laws. Last month, it flexed its regulatory muscle. For the first time, the SEC imposed civil penalties—of $250,000 each—on two companies … Read More