Nice article, but there is a more fundamental question as to whether the US government can regulate crypto at all under the 1st Amendment. See https://steemit.com/crypto/@apshamilton/time-for-crypto-industry-to-push-back-against-regulatory-overreach for more details.
RE: Which Cryptocurrencies will be regulated by the SEC/CFTC?
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Which Cryptocurrencies will be regulated by the SEC/CFTC?