While a recent article series by John Reed Stark and David Fontaine cautions cryptocurrency exchanges to be “prepared for relentless U.S. regulatory oversight,” the specter of financial regulation should not be as frightening as the articles suggest. Stark and Fontaine astutely highlight recent developments involving the Financial Crimes Enforcement Network, the U.S. Commodity Futures Trading Commission, and the U.S. Securities and Exchange Commission. They predict the “perfect storm” of “regulatory headwinds” on the horizon for cryptocurrency. We proffer, instead, that U.S.-based cryptocurrency offerors and exchanges are at no greater risk today than they have been in the last few years.
Click on the above PDF to read the entire article, published in Law360.