Coin Center analysis of SEC cryptocurrency guidance
We break down what it means for decentralized networks and their developers.
The Securities and Exchange Commission today released much-anticipated staff guidance “analyzing whether a digital asset is offered and sold as an investment contract, and, therefore, is a security.” What’s new...
Howey test found to be determined under admiralty law and therefore invalid
Coin Center researchers discover gold fringed flag in Supreme Court
For several years now, Coin Center has been at the forefront of analyzing how the novel decentralized properties of cryptocurrency networks match up to securities regulation. Recently, however, every single...
New regulation would effectively ban crypto exchanges in Mexico
Bucking international trends, the Mexican central bank would deny exchanges a sensible path to regulation and deny Mexicans safe access to financial technologies.
The Mexican central bank, acting under authority from a recently enacted fintech law, proposed new regulations last week that would effectively ban cryptocurrency exchanges in the country. This is a...
In it, Massad calls for new regulatory authority from Congress for the SEC or CFTC to supervise cryptocurrency markets: Congress should pass legislation providing the SEC (or alternatively the CFTC)...
Texas cryptocurrency bill threatens financial privacy
Confusing wording and technical impracticality aside, the bill would force citizens to spy on each other
A new bill that would require persons accepting payment in cryptocurrencies to check the payor’s identity before going through with the transaction, HB 4371, has been introduced in the Texas...
We’re often asked whether that policy, articulated mid-last year by Director of the Division of Corporation Finance William Hinman, truly represents the policy of the Commission or whether it’s just the...
The Human Rights Foundation wants to help activists and journalists use Bitcoin to stay private.
Though often mischaracterized as “anonymous,” Bitcoin transactions do offer a much higher level of privacy for savvy users than traditional internet payment systems. Activists and journalists may want to add...
The Constitution Protects Software Developers and Users from Surveillance Overreach
An aggressive attempt to regulate software developers and individual users would violate our privacy and speech rights
Today we are publishing a comprehensive report on constitutional law and anonymous cryptocurrencies—what we call electronic cash—and decentralized exchange software. As Jerry argued in our report from last month, electronic...
Coin Center Travel Series: Kuala Lumpur, Malaysia
An overbroad classification of all cryptocurrency tokens as securities holds innovators back.
This is the latest installment of Coin Center's multi-part travel series examining how cryptocurrency is used around the world. Strolling through the bookstore one day in the busy, up-market Pavilion mall...
Coin Center files comment in CFTC proceeding on Ethereum
A few months ago LabCFTC, the division of the agency dealing with innovative financial products, put out a request for information to better understand the Ethereum network and ecosystem that...