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Crypto Regulation, Grayscale vs SEC, and the Challenges of Classification
This chapter delves into the recent court case between Grayscale and the SEC, examining the implications of the ruling and the current state of crypto regulation. It discusses the challenges of classifying tokens as securities and the lack of consensus among regulators. The chapter also explores the differences between the reaction to the crypto market downturn and the financial crisis, highlighting the difficulty of regulating cryptocurrency compared to familiar financial products.