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Expert Analysis

Gov't Backtrack On Ether As Security May Spur Crypto Clash

By Matthew Lindenbaum, Robert Lindholm and Richard Levin (May 19, 2023, 5:28 PM EDT) -- Cryptocurrency entrepreneurs should be forgiven if they feel a bit like the confused and embittered Lando Calrissian at the climax of "The Empire Strikes Back," when Darth Vader once again changes the terms of their deal. Similarly, concerns about U.S. Securities and Exchange Commission Chair Gary Gensler and New York Attorney General Letitia James' power are compounded by the fact that their views on what sort of cryptocurrency counts as a security diverge from that of past senior personnel at the SEC and the states. ...

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