Dow Jones MarketWatch Features Mark Cianci Addressing Whether Cryptocurrencies Are Unregistered Securities

In The News
June 13, 2023

The U.S. Securities and Exchange Commission recently filed cases against major cryptocurrency exchanges Binance and Coinbase alleging they operate as unregistered securities broker-dealers, securities exchanges, and securities clearinghouses.

In a Dow Jones MarketWatch personal finance column analyzing the potential application of securities laws to cryptocurrencies, litigation & enforcement counsel Mark Cianci explains that two of the biggest cryptocurrencies, bitcoin and Ether, are widely viewed as non-securities.

Mark also notes that, out of the several thousand cryptocurrencies in the market, regulators have specifically challenged only a small fraction of them as alleged unregistered securities, and courts have classified an even smaller fraction of them as such.