It is impossible to work under the old law in the US, because all the old cryptocurrency projects can be called stocks. Only bitcoin can be called a commodity. There are other coins like litecoin and dogecoin, but this is not so important now. Therefore, all major crypto projects in the US are at great risk.
What about bitcoin forks? What about Dash that was closely related to bitcoin.
I have not written a complete list. Dash is also a good coin and not a stock.
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https://www.reuters.com/legal/us-supreme-court-rules-favor-coinbase-arbitration-dispute-2023-06-23/" The U.S. Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc's (COIN.O) bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation."