It's strange to me how people keep comparing cryptocurrencies to equity, but don't compare them to their closest counterpart - fiat currencies.
Are fiat currencies treated like securities? No.
Are there "best execution requirements" when I exchange my USD for EUR. No.
Did somebody have to register the Brazilian Real with the SEC for it to be exchangeable in the US? No.
Are fiat currencies treated like securities? No. Are there "best execution requirements" when I exchange my USD for EUR. No. Did somebody have to register the Brazilian Real with the SEC for it to be exchangeable in the US? No.