crypto, it seems, is simultaneously regulated as everything that is highly regulated and nothing that isn't
it's a security for all the parts of securities laws that require intermediation, but none that allow for P2P
it's a security for all the parts of securities laws that require intermediation, but none that allow for P2P
it's a commodity, but only if that means the CFTC's authority is non-exclusive
it's currency if you're transmitting it, but if you're transacting in it for profit, it's a taxable sale of property
and now it's apparently a monetary instrument, unless you want to transport it or use it for prepaid access, in which case it's still just a virtual currency and you're still a money services business
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