This just about sums up the world that crypto developers & users have to navigate:
While the Commodity Futures Trading Commission (CFTC) treats crypto as commodities, the Securities and Exchange Commission (SEC) insists they are securities, the Treasury Department鈥檚 Financial Crimes Enforcement Network (FinCEN) applies currency rules, the Internal Revenue Service treats digital money as property.
About time for law makers to embrace the technology & clear the way so the world can advance