SUMMARY The SEC and CFTC have ended years of crypto regulatory ambiguity with a joint interpretation that sorts digital assets into five categories and tells the market which are securities and which are not. Promises matter most. A token becomes a security when its issuer makes specific commitments to buyers and stops being one when … Read more
SUMMARY This primer explains cryptocurrency types: payment coins (Bitcoin), programmable platforms (Ethereum), stablecoins, privacy coins, governance tokens, utility tokens, DeFi protocols, meme coins and CBDCs. It covers their technical functions and regulatory status. The document highlights the 2025 shift from SEC Chair Gensler’s enforcement-heavy approach to Chair Atkins’ framework-focused regulation, emphasizing that legal classification depends … Read more
SUMMARY Cryptocurrency is digital money recorded on a blockchain, a shared ledger maintained by thousands of computers. Bitcoin, launched in 2009, was the first. You can buy cryptocurrency on exchanges or earn it through mining. Transactions are irreversible and values fluctuate wildly. The IRS treats cryptocurrency as property, requiring tax reporting on all transactions. Regulatory … Read more
President Trump signed an executive order on March 6, 2025, establishing the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile. This marks the first formal acknowledgment by the federal government of Bitcoin’s “strategic importance” as a national asset. The executive order designates Bitcoin as a unique store of value in the global financial … Read more