In March 2018, the U.S. Securities and Exchange Commission (“SEC”) announced that it will begin proceedings to determine whether it will permit a NYSE Arca rule change proposal to list and trade two bitcoin-related exchange traded funds (ETFs). 1 In its review, the SEC will seek to determine the rule’s consistency with the Securities Exchange Act…
Author: David Howe
Bitconnect: A Case Study in the Government Regulation Paradox
Within the past year, cryptocurrency has undoubtedly become the hottest topic of discussion in the investing world. A “collective insanity” over cryptocurrencies has spurred something akin to a 21st century gold rush.1 This is clearly reflected in the valuation of the cryptocurrency market as a whole. The cryptocurrency market cap increased by over 3,300%…
Regulatory Responses to the Rise of ICOs
Ten years ago the cryptocurrency market did not exist and blockchain technology was unknown to the world.1 As of the date of writing, the total cryptocurrency market cap stands at $364.5 billion and there are over 1,515 different cryptocurrencies.2 The growth in cryptocurrency markets is “without a doubt one of the fastest explosions of wealth…