Cryptocurrency companies said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them, months after such an interest-bearing product drew a $100 million fine from a federal regulator and state governments. SEC registration of crypto products is "not always a path that others can take for various different circumstances," said Nick Losurdo, Goodwin Financial Industry and Digital Currency & Blockchain Technology partner and former counsel to recently departed SEC Commissioner Elad Roisman. “The better way would be for the SEC to actually just articulate a clear message of what it expects." Read the Reuters article here.
In The Press April 27, 2022