is crypto a security or commodity?

Is Crypto a Security or Commodity? The debate continues into 2024

So, is crypto a security or commodity? The truth is, that still seems to be subjective. The SEC sees cryptocurrencies as securities, necessitating regulatory compliance, while the CFTC classifies them as commodities, focusing on market fairness. This difference impacts regulatory frameworks and efforts are ongoing to clarify the oversight of both agencies.

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Legal challenges in construction projects

2024 Independent Contractor Rule

The 2024 Independent Contractor Rule by the Department of Labor revises the “economic realities test” to tighten classifications, aiming to ensure workers are appropriately categorized under the Fair Labor Standards Act. It adds clarity on investments and work control, emphasizing a detailed analysis of employment relationships to prevent misclassification.

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