Editorial: Bit by bit: Regulators properly target out-of-control crypto companies

Published by
New York Daily News

With lawsuits against Binance and Coinbase, the Securities and Exchange Commission has targeted some of the largest remaining players in the crypto space, accusing the former of outright fraud and misuse of funds and the latter of failing to register as a securities broker. If you’re swayed by the argument that crypto assets are currency alternatives and not securities, then here’s a simple question: when was the last time you heard of someone using cryptocurrencies to conduct routine day-to-day transactions? Sure, in Bitcoin’s early days true believers would use it to buy clothes and pizzas (…

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