Making Sense of a Wild Week in Cryptocurrency

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While developments in the burgeoning blockchain technology and cryptocurrency industry typically come at a breakneck pace, last week was marked by  particularly significant news. On consecutive days, the U.S. Securities and Exchange Commission (SEC) announced its position on certain initial coin offerings and token offerings as well as sales through blockchain or distributed ledger technology, a global digital currency exchange was hit with a significant fine for its failure to comply with U.S. law, and a local court decision highlighted one of the difficulties the industry must overcome to win the trust of consumers. These events, while disruptive in some respects, provide new opportunities for those willing to take their lessons to heart.

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