-
Trump-era crypto policy: whiplash and a two-edged sword
Last week, the Securities and Exchange Commission published a staff statement that staking – the practice of locking up certain cryptocurrencies to participate in the validation of transactions and earn rewards – does not constitute a security. This is the latest in a series of moves designed to strip away obstacles to the integration of crypto and finance. Donald Trump made no secret of the fact that, as president, he would promote the interests of the crypto lobby. Given the amount of money they spent on his campaign, that’s hardly surprising. Delivering on that promise required the removal of SEC head Gary ... (full story)