According to Menon, while the digital asset ecosystem uses blockchain, distributed ledger technology and tokenization to allow “anything of value to be represented in digital form, and to be stored and exchanged on a ledger that keeps an immutable record of all transactions” cryptocurrencies are just “heavily speculated upon” while their prices “have nothing to do with any underlying economic value.”
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...