By Daniel Priestley For the last decade, crypto businesses have operated largely outside of the reach of global regulators. Entrepreneurs have created vast fortunes offering financial products that are not constrained by financial regulations. All of that is about to change. Last week the SEC announced plans to sue the USA’s largest crypto exchange Coinbase relating to an offering that gives investors interest. The SEC says Coinbase is not regulated to offer such a product as they consider it to be a security. This signals a turning point in the world of Crypto. No longer is crypto-currency lending a fringe asset class operating in the wild wild west of the internet; the time has come for the sheriff to lay down the law. This move by the SEC should be seen a significant warning sign that they intend on going head to head with crypto-related businesses. In the coming year, …
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