Do not regulate crypto like stocks and bonds

Michael Barr, the Federal Reserve’s vice-chair for supervision, told senators last week that the crypto sector “requires effective oversight that includes safeguards to ensure that crypto companies are subject to similar regulatory safeguards as other financial services providers”.

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The underlying problem is that we don’t really know yet what crypto assets are. Currencies? Commodities? Investment contracts? Ownership of payment infrastructure? Game pieces? Plain bullshit?
The underlying problem is that we don’t really know yet what crypto assets are. Currencies? Commodities? Investment contracts? Ownership of payment infrastructure? Game pieces? Plain bullshit? (Foto: Armend Nimani/AFP/NTB)