Will be interesting to see how granular regulators get in classifying the great diversity of #cryptoassets before us.
If you're contorting yourself to prove meaningful use of your "token," you probably have a company that issued a security (albeit on top of a true #cryptonetwork called Ethereum).
"We’re not picking winners and losers, we’re protecting investors."
"There’s more to investor protection than eliminating all risk."
But also pointed out the US needs to keep standards high, as the rest of the world looks to us as a model.
TBD how this plays out in a global asset class