Are Crypto Assets Securities?

Are Crypto Assets Securities?
Last September, after perhaps the most “2021” of all possible 2021 insider-trading scandals, NFT marketplace OpenSea’s head of product, Nate Chastain, stepped down from his role.The reason? Chastain purchased non-fungible tokens (NFTs) that he knew were set to display on the front page before they appeared there publicly. It was a seemingly innocent act, similar to a Foot Locker employee purchasing a pair of Air Jordans with his employee discount before the sneakers hit the shelves – right?Wrong. NFTs aren’t shoes; they’re digital assets minted on a blockchain, and in some cases, they can even be considered securities. The Internal…