Don't call it "crypto". Talk about cryptocurrencies and NFTs, call them blockchain assets if you like. But not "crypto". And ditch the "cyber" while at it.
Well, maybe you have a point. Arguably it isn't a security because it is not backed by an ownership share in a company.
But it's debatable whether it is a commodity or a currency. If the former, then it's in the bailiwick of the Commodity Futures Trading Commission. If the latter, then it's monitored by some government agency, maybe one or more of these. [wikipedia.org]
In any case, cryptocurrency is traded so there must be some government agency that watchdogs it (or should) in order to protect the individual investor.
Wow, all those fake posts on bitcoin-talk for years all pretending to make a populist currency - very impressive of them to keep this grand conspiracy secret and camouflaged!
So they confer no ownership rights or privileges.
It's like thinking Pokemon cards give you ownership of the playing card company - they have value but they're not securities.
Well, maybe you have a point. Arguably it isn't a security because it is not backed by an ownership share in a company.
But it's debatable whether it is a commodity or a currency. If the former, then it's in the bailiwick of the Commodity Futures Trading Commission. If the latter, then it's monitored by some government agency, maybe one or more of these. [wikipedia.org]
In any case, cryptocurrency is traded so there must be some government agency that watchdogs it (or should) in order to protect the individual investor.
Wow, all those fake posts on bitcoin-talk for years all pretending to make a populist currency - very impressive of them to keep this grand conspiracy secret and camouflaged!
BTW, you'd be great at the SEC.