The New York Attorney General’s brief, which refers to ether as a security in the state’s lawsuit against the cryptocurrency exchange KuCoin likely catalyzed the selling. If ether is deemed a security and not commodity, then the Securities and Exchange Commission may subject ether investors to stringent requirements regarding registration, disclosure and accreditation.
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New York Assembly introduces crypto payments bill for fines, taxes
A bill introduced to the New York State Assembly on Jan. 26 would allow state agencies to accept cryptocurrency as a form of payment...