At The Cutting Edge Of Cryptocurrency Law
Assisting Clients Capitalizing On The Vast Opportunity Present
It is undoubtedly one of the most exciting times for technology and innovation in general, but blockchain and crypto in specific. By all accounts, we are in the early innings of witnessing the overhaul of legacy financial systems that have not been updated in decades, if not centuries. The efficiencies, security, and decentralization brought about by peer-to-peer cryptocurrencies such as Bitcoin (₿) and Ethereum (Ξ), such as the ability to transact and store value effectively in an increasingly digital world, bring immense dispersion and opportunity. However, great opportunity brings significant corresponding risk, including legal ramifications and differences, even among regulators.
As a result, regulation and enforcement action are ramping up, and it is more important than ever to ensure compliance with cryptocurrency’s dynamic, complex, and patchwork-style regulatory framework. From federal laws such as the Securities Exchange Act of 1934 and the Commodities Exchange Act of 1936 and associated regulators like the Securities and Exchange Commission (SEC), who, after much wrangling, approved a Bitcoin ETF and subsequently an Ethereum ETF, and the Commodity Futures Trading Commission (CFTC) to state regulators such as New York’s Department of Financial Services (DFS) and their ever-evolving guidance, to international frameworks such a as the European Union’s Markets in Crypto-Assets Regulation (MiCA), the legal landscape is incredibly dynamic.
From navigating registration and exemptions to the nuances of geofencing as part of a regulatory compliance strategy and non-transferability of tokens to ensuring robust and enforceable terms, the questions that arise in the context of cryptocurrency matters are infinite. Novel questions have also been raised, such as whether a cryptocurrency mixer such as Tornado Cash can be sanctioned.
At RICHT, we are a law firm on the cutting edge of cryptocurrency developments and corresponding legal ramifications, guiding clients operating in diverse segments of the broader blockchain and crypto sectors. LexoCrypto™, our dedicated and multidisciplinary legal practice focused on the intersection of cryptocurrency and blockchain with the law, allows clients to benefit from a full suite of legal services with the singular goal of managing legal risk while capitalizing on the vast opportunity in the space.
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Kim Kardashian, Floyd Mayweather Jr., Others Sued Over Cryptocurrency Promotion
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