Bitcoin remains unregulated. Lest we forget, that is sort of its point. But through gritted teeth, the high sheriff of global financial markets has given the green light to bitcoin-focused products that provide “full, fair, and truthful” disclosure, concluding that monitoring of cash trading, futures contracts and social media would be sufficient to detect fraud and manipulation on registered exchanges.
However, in a messy twist, the SEC stopped short of endorsing the storage and security of bitcoins, also known as custody arrangements. A non-approval wrapped in an approval, then.