Crypto regulation back in spotlight after SEC securities claims

Are cryptocurrency assets commodities? Are they securities? Should they be regulated by more than one regulator?

A key question regulators need to answer: Is there a point at which a cryptocurrency asset becomes decentralized enough that it has transitioned from a security to a commodity?

These are the kinds of questions swirling around a largely unregulated $2 trillion industry that sits astride the U.S. financial market without any of the transparency or investor protections the rest of the market enjoys. Being unregulated might have been fine for the cryptocurrency industry when it was a tiny sideshow, but it has become too big to ignore.