Harris Fischman Discusses Crypto Enforcement With CQ Roll Call

Litigation partner Harris Fischman spoke with CQ Roll Call about the SEC’s decision to beef up its cryptocurrency enforcement staff. In “SEC’s new crypto enforcers are coming for DeFi, lawyers say,” published on June 14, Harris discussed increased enforcement activity aimed at decentralized finance platforms (DeFi).

Earlier this year, the SEC proposed amendments to its regulation of alternative trading systems, known as Regulation ATS, that, if adopted “could create reporting requirements for any service that facilitates communications between buyers and sellers of cryptocurrencies that qualify as securities,” Harris notes. “This has been an area of recent aggressive SEC enforcement activity as well as a repeated subject of public commentary by Chair [Gary] Gensler.”

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