The US CFTC (Commodities Futures and Trading Commission) argues many digital assets are merely derivatives traded on unregulated exchanges. Responsibility lies with the software developers and governance token-holding voters. Digital assets, however, are not derivatives in the original meaning Congress contemplated when it passed securities regulations. And, even if they were, a disclosure-based regime, as The post The US Must Pursue a Disclosure-Oriented Regime Rather Than a Permissioning Regime appeared first on The Daily Hodl .
