Ethan M. Simon
But there’s a mundane side to bitcoin, too. At bottom, virtual “currencies” like bitcoin are assets. According to the Commodities Future Trading Commission, they are also treated as commodities. And like many assets and commodities, bitcoins are subject to regulation. The U.S. Securities and Exchange Commission (SEC) has even begun filing enforcement actions against those who conduct “initial coin offerings” in violation of federal securities laws.
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“Appreciating Bitcoin: A Holiday Guide to Legal Hot Topics in Virtual Currency,” by Ethan M. Simon was published in The Legal Intelligencer on December 20, 2017.