Even as a low-level legal war breaks out between US regulators and crypto companies – with the SEC alleging much of crypto constitutes unregistered securities while some big crypto exchanges countersue and threaten to quit the US – regulated financial institutions continue to invest in blockchain.
On May 9, BNP Paribas and Goldman Sachs emerged as partners in Canton Network, a new consortium also including the Cboe, Deutsche Börse, an array of blockchain companies, such as Digital Asset, leading technology companies, including Microsoft, as well as venture capital investors.
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