Kamal Ghali, left, and Matthew Sellers, right, with Bondurant Mixson & Elmore. Courtesy photos Regulatory Uncertainty Makes Cryptocurrency Deals Vulnerable to Litigation
While the SEC has indicated that the decentralized nature of the networks on which bitcoin and ethereum operate make those currencies "assets" and not "securities," it has offered little concrete assurance when it comes to other cryptocurrencies.
May 20, 2021 at 01:17 PM
6 minute read
Commentary
The market for cryptocurrencies is exploding. Since its launch, bitcoin has skyrocketed in value. Ethereum is trading at an all-time high. And some commentators speculate that altcoins, or other cryptocurrencies, could be poised to challenge bitcoin's market dominance in the near future. For example, dogecoin, a relatively obscure cryptocurrency until its relatively recent explosion in value, momentarily enjoyed a market cap that rivaled Twitter.
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