Evan Thomas, Blair Wiley
Dec 18, 2018
While 2018 began with prices for cryptoassets like bitcoin and ether at or just off record highs, it appears that the year will end with prices down 75% or more.
Meanwhile, securities regulators, primarily in the United States, have announced an increasing number of settlements and enforcement actions against individuals and companies that have dealt in cryptoassets without complying with applicable securities laws.
On the surface, it would appear that cryptoassets resemble a bubble bursting under the combined weight of irrational retail investor exuberance and regulatory intervention...
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