I. Introduction - The rise of cryptocurrencies and digital assets in the financial markets, including the investment management industry, has given rise to a crucial question: which.
SEC has the authority to govern securities, which has been defined to include, among other things investment contracts. a form of a digital asset is a note, investment contract or other type of security, it would be subject to SEC oversight and applicable securities laws.
The SEC’s reliance on a nebulous US Supreme Court decision raises important questions for the future of decentralized finance. Reves v. Ernst & Young,[1] a 30-year-old.