Why the Blockchain Industry Is Eager for Regulation

Overview


David Taub said that cryptocurrencies should not be labeled a security. “In our experience with clients we’ve worked with in this space . . . for their platforms to be useful, the tokens on their platforms need to be freely transferable. And for them to be transferable, they need not be securities,” he said. “So, fundamentally, I think we would benefit from a clear definition of functionality.”