Dear Readers,
Bitcoin has seen an explosion in popularity over the past several years, even during the ongoing bear market. People in every corner of the globe are clamoring to learn about and use Bitcoin however they can. Even governments and regulators as it turns out are trying to understand what Bitcoin is and what it means for their long-term future…
Within the United States, there’s a regulatory body called the Securities and Exchange Commission (SEC) which is tasked with enforcing securities laws within local markets. The SEC has yet to provide much, if any, definitive guidance on how it views Bitcoin; although, we’ve spoken previously about how unlikely it is that Bitcoin will ever be deemed a security. But the SEC has recently taken large steps to clarify its stance on one of the biggest trends within “Crypto”: staking.
