In The Press April 27, 2022

Crypto Firms Seek Clearer U.S. Rules on Their Interest-Bearing Products (Reuters)

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.