SEC Director Enforcing Lawsuit Against Ripple’s XRP Resigns

Marc Berger, who served as acting Director of the Division of Enforcement at the Securities and Exchange Commission (SEC) for a short time, will conclude his tenor by the end of this month. Berger, who replaced Stephanie Avakian as an acting director of the Division after she departed from the SEC in December, will be stepping down. Mr. Berger joined the Commission as Director of the New York Regional Office in Dec 2017 before being named Deputy Director of the…

Understanding SEC’s Classification of Crypto-assets: Securities or Commodities?

Cryptocurrency growth in the last decade has taken the technological world by storm, and with this growth came a lot of questions and concerns. The classification of cryptocurrency is, primarily, a chief concern. The subject is one that courts, government agencies, and even financial markets struggle to grasp.  The primary debate begs an answer to an essential question: are they securities, or are they commodities?  Cryptocurrency traverses local, national, regional, and international boundaries. Hence the need for classification is both…