Wipfli LLP
In the past year, the cryptocurrency landscape has been quite unstable to say the least. The bankruptcy of major crypto firms such as FTX, BlockFi, Celsius Network, and Voyager Digital caused further decline in the industry and brought about many important questions. The most important one being, should digital assets be classified as securities or not? Rusty Planert, a Senior Manager at Wipfli LLP in the firm's financial services group, joins this segment to discuss what qualifies an investment to be subject to U.S. securities laws, as well as additional court cases, the role of the SEC, and cryptocurrency related accounting standards.