The Cryptocurrency Crackdown

The Cryptocurrency Crackdown

Brendan Smialowski/Getty Images This week, the SEC’s new cyber unit announced it had filed its first ever complaint. Bitcoin value reached a new high this week, topping $12,000 for the first time , but otherwise cryptocurrencies have not been enjoying a banner PR season. For instance, there was the Nov. 1 Motherboard article “ One Bitcoin Transaction Now Uses as Much Energy as Your House in a Week ,” shaming wealthy bitcoin miners for their prodigious energy consumption and the toll their virtual currency is taking on the physical planet. The same day, the U.S. Securities and Exchange Commission […]

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