FILE PHOTO: Illustration shows a representation of the cryptocurrency and

What makes a crypto asset a security in the U.S.?

FILE PHOTO: Illustration shows a representation of the cryptocurrency and Coinbase logo

FILE PHOTO: A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration

FILE PHOTO: Illustration shows a representation of the cryptocurrency and

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FILE PHOTO: Illustration shows a representation of the cryptocurrency and

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