Bitcoin Halving Could 'Indirectly' Affect Cryptocurrency Regulation

Litigation attorney Andrew Balthazor was cited in a Cointelegraph article discussing the complex regulatory environment surrounding cryptocurrency in the United States. He highlighted the lack of clarity around what constitutes a security transaction, noting that while there's a general consensus that Bitcoin might not be considered a security, the U.S. still lacks definitive legal guidance on cryptocurrencies including Bitcoin and Ether. This uncertainty has led to frustration among clients unsure about the legal status of their projects, with some having to spend years and considerable resources on legal negotiations. Mr. Balthazor suggested a more formal process would be beneficial, where the U.S Securities and Exchange Commission (SEC) could directly communicate its concerns regarding projects perceived too closely as securities. This approach, he argued, could offer a clearer path for businesses navigating the regulatory landscape.

"It would be great to have a more formal process where the SEC could say, 'Here are our concerns about your project. We think it's too much like a security for these reasons,'" he said.

READ: Bitcoin Halving Could 'Indirectly' Affect Cryptocurrency Regulation