The question of whether or not a bitcoin or whatever is a security is only the tip of the iceberg of regulatory questions that someone might ask about cryptocur

The question of whether or not a bitcoin or whatever is a security is only the tip of the iceberg of regulatory questions that someone might ask about cryptocurrency. How does anti-money-laundering regulation apply to it? Does a cryptowallet need to come under FDIC insurance? How does the Volcker Rule apply to someone who takes deposits and also engages in trading around a cryptocurrency? etc etc etc Large parts of the law are written on the basis of the assumption that currency is actually a dollar bill printed on paper, or a number in a bank computer with a very narrow sense of what is and what isn't a bank. Those definitions are being blasted wide open, and asking the law a bunch of questions about cryptocurrency often resolves to "it does not compute..."