“Some additional utility does not remove a crypto asset security from the definition of an investment contract,” Gensler said, though he added that tokens built for exclusive use in their blockchain ecosystems can be exempted from such accusations. “The investing public generally buys these crypto assets, at least in part, anticipating profit based on the efforts of those token issuers.”
Schwab Aims Crypto Custody at Its $5 Trillion Advisor Channel by 2027
Charles Schwab has switched on the first round-the-clock product in its history, letting clients trade select cryptocurrency futures nearly 24...
