Ripple Labs Case Will Address Key Cryptocurrency Question
Law360 (June 11, 2018, 1:18 PM EDT) -- It is time to start talking about the elephant in the room. A critical question about the regulation of cryptocurrencies that has long been apparent, but until recently has been lying dormant, has now vaulted to the forefront of the conversation: Do cryptocurrencies that function primarily as a medium of exchange and otherwise operate like traditional currencies (e.g., ether, ripple and bitcoin) qualify as securities under the U.S. securities laws?
The question is a tricky one as a legal matter, but even more so as a practical matter. According to CoinMarketCap, a website which tracks cryptocurrencies, bitcoin, ether and ripple are...
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