Crypto Attorneys to SEC: Talk to Us

Frustration with the SEC when it comes to cryptocurrency is high, according to industry attorneys at the recent New York City Bar White Collar Crime Institute. The panelists, who also included the new head of the DOJ’s National Cryptocurrency Enforcement Team and the former CFTC Enforcement Director, weighed the effects of President Biden’s digital assets Executive Order and addressed challenges organizations face when cooperating with the government. Despite growing legitimacy and acceptance of cryptocurrencies, several attorneys on the panel outlined a fragmented regulatory framework in the U.S., which, they argued, may hinder the country’s competitiveness in the global digital assets marketplace. See “Regulatory and Market Developments Affecting Digital Asset Funds and Digital Securities” (Jul. 22, 2021).

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