Why the SEC’s Framework for Digital Assets Leaves More Questions than Answers
July 25, 2019
In this segment, Dina Ellis Rochkind, Of Counsel, Paul Hastings, discusses why the SEC’s recently published framework for digital assets leaves more questions than answers.
If there are securities that could turn into goods or services, it seems that we would need a new disclosure regime so that investors know exactly what they are getting upfront. And I always talk about how over two years ago I got into the space and I had crypto and distributed ledger blockchain clients. I want to understand it a bit. I didn't wipe out my retirement savings, but I did buy. One of the things I bought was one ethereum. And at the time I didn't know if I had equity in the infrastructure of ethereum or I had one ethereum? Because if I had equity in the infrastructure of ethereum, it's the largest blockchain out there and probably is not going away. Nonetheless, at the end of the day, I just have one ethereum.