LC questions are a shitty way to qualify 3 traits that employers very much look for (and have proven to be correlated):
* Available time to prepare (esp. when holding a job) = available to work long hours
* Self-motivate themselves for a long time (esp. to do such bullshit work)
* Mental capacity to remember all the material (esp. given its useless outside of the interview loop)
The flip of the coin are people who can't put in the time due to e.g. family obligations, don't have the motivation, or don't have the mental capacity.
My premise is that I don't agree with the regulator :) Of course a regulator is there to regulate so their incentive is to find things to regulate.
> The regulators consider it to be more like an asset class
Being an asset is also applicable in my opinion. But assets and securities are not the same, and this is what's changing - regulators switching the categorization from assets (which was implicitly and somewhat explicitly the state until now) to securities.
It's strange to me how people keep comparing cryptocurrencies to equity, but don't compare them to their closest counterpart - fiat currencies.
Are fiat currencies treated like securities? No.
Are there "best execution requirements" when I exchange my USD for EUR. No.
Did somebody have to register the Brazilian Real with the SEC for it to be exchangeable in the US? No.
* Available time to prepare (esp. when holding a job) = available to work long hours
* Self-motivate themselves for a long time (esp. to do such bullshit work)
* Mental capacity to remember all the material (esp. given its useless outside of the interview loop)
The flip of the coin are people who can't put in the time due to e.g. family obligations, don't have the motivation, or don't have the mental capacity.