The New Frontier of Digital Currency: An Uncharted Path Forward
The legal landscape for all participants in the cryptocurrency space continues to evolve. Ready or not, financial systems have been thrust into the…
August 17, 2022 at 09:23 AM
7 minute read
CryptocurrencyThe legal landscape for all participants in the cryptocurrency space continues to evolve. Ready or not, financial systems have been thrust into the new frontier of cryptocurrencies, and both the public and private sectors are left to navigate uncharted legal and financial waters with little regulatory or statutory guidance. One need look no further than the recent comments by Securities and Exchange Commission (SEC) Chairman Gary Gensler to know that regulators are laser-focused on crypto. The chairman commented at the Aspen Forum: "Right now, we just don't have enough investor protection in crypto. Frankly, at this time, it's more like the Wild West." The chairman has also openly stated that other than Bitcoin, which he believes to be a commodity, most crypto financial products have the properties to be deemed securities for regulatory purposes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 2The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250