The Securities and Exchange Commission's chair Gary Gensler speaking about cryptocurrencies in a recent tweet made it clear that "it remains a priority of the SEC to use all of our available tools to bring the industry into compliance." While the agency has filed fraud charges against the imploded digital asset platform FTX and its sister company Alameda Research, the regulatory environment for digital assets remains opaque. Law firms are facing a growing number of calls from clients in light of increasing contagion risks for everyone who touches crypto. The National Law Journal's February/March edition's cover story takes a closer look at regulatory and legislative frameworks as well as legal advisory dilemmas involving crypto.