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Investopedia
How SEC Regs Will Change Cryptocurrency Markets
A major reason for the phenomenal growth of cryptocurrency markets in recent years has been the absence of clear regulations. Increasingly, the U.S. Securities and Exchange Commission (SEC) is providing broad hints of its intent to enforce regulations on the space. Following the 2017 DAO report, the SEC warned that it regards many cryptocurrencies as investment securities, especially those issued in an initial coin offering (ICO).