
Weekend Bonus: Crypto IRL, Episode 9, with Tim and Katie
Bloomberg Crypto
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How to Write a Book About Crypto and Fraud
I saw a massive unregulated securities market that was drawing in millions and millions of people who I don't think were aware of the potential fraud that could ensue. And cryptocurrencies aren't currencies by any reasonable economic definition. So what they more closely resemble is a security. They're an investment of money in a common enterprise with the expectation of profit to be derived from the efforts of others. That's the foreproms of the how we test, which is how we define securities under American law.
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