““Regulatory concerns are definitely a problem because they definitely look like securities under U.S. laws in which case they have a whole host of regulations to deal with from the SEC,” Purdy said.”
The regulatory framework can’t keep up with the new inventions crypto developers make year after year. I do agree with the writer that Exchange tokens like BNB could be perceived as a security, as Binance effectively tries to move the price up by buying the tokens and burning them. We see similar things happening with stocks, where the companies buy back stocks to pump up the price. However, tokens have way more features like staking and covering trading fees. It’s going to be interesting times to see how the legislators react to this new phenomenon.