Deconstructing the SEC's Cryptocurrency-Suppression Program: Part Three | Arnall Golden Gregory LLP
What Do We Mean by Private Digital Money? Introduction This article is the third in a multi-part series that explains how the SEC has structured its anti-cryptocurrency campaign and over-reached its regulatory authority in shutting down cryptocurrencies or private digital money (“PDM”). Part I discussed some of the sleights of hand the SEC has used in its anti-cryptocurrency efforts and the sources for its claim of jurisdiction. Part II reviewed the SEC’s early history with PDM and steps taken in its suppression-by-regulation program. Part III revisits the term “private digital mone...