Earlier this month, President Joe Biden issued an executive order instructing various federal agencies to study the evolving cryptocurrency market and make policy recommendations on issues like consumer protection and illicit finance based on their findings. The goal, the White House said, is to take advantage of the market's benefits while curtailing risk.

Corporate Counsel caught up with Nicole Dyskant, the new head of legal and compliance for Rio de Janeiro-based cryptocurrency asset management firm Hashdex, to discuss the executive order, how it will affect innovation in the cryptocurrency industry and whether in-house counsel should be preparing for the still-developing regulatory landscape.