Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein

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Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein
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.BernsteinBuzz says the U.S. regulatory action against crypto exchanges binance and coinbase is unfortunate, but not an existential risk. willcanny99 reports. BernsteinGautam

Crypto regulation has become a “completely political debate between Republicans and Democrats,” Bernstein said.

“The intent seems to build a functional framework for digital commodities and payments stablecoins – providing the Commodity Futures Trading Commission more regulatory authority than the SEC,” analysts Gautam Chhugani and Manas Agrawal wrote.alleging misconduct for attracting U.S. investors to its offshore derivatives platform, it was expected the SEC would follow, alleging securities violation and therefore implying that most tokens are securities.

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