Around the world, regulation has struggled to keep pace with the explosive growth in digital assets, from cryptocurrencies to initial coin offerings. The rules will continue to evolve, as regional and national legislators draft new policies and courts hammer out precedents that signpost what businesses may and may not do. If the SEC believes the digital asset is a security, the SEC can require its exchange to stop selling the digital asset according to Goodwin’s Digital Currency and Blockchain Technology practice co-chair Grant Fondo. Read the Financial Times article here.
In The Press November 29, 2021