Cryptocurrency has been a hot-button issue for legislators and regulators in recent years, but which regulator is in charge of overseeing the issuance and use of the digital asset remains unclear.
The U.S. Securities and Exchange Commission (SEC) has asserted itself as the chief regulator, but time will tell if that remains true. The commission has yet to take a definitive position on whether all cryptocurrencies are securities. However, it has made the legal argument that cryptocurrencies are investment contracts.
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