Partner Teresa Goody Guillén stressed the need for the Securities and Exchange Commission to develop regulations specific to the cryptocurrency industry instead of attempting to apply existing rules designed for stocks and bonds in a New York Times article titled “Is Cryptocurrency Like Stocks and Bonds? Courts Move Closer to an Answer.” Published Jan. 26, 2024, the piece discusses the dispute between federal regulators and the crypto industry over how cryptocurrencies should be classified and regulated. A former litigation counsel with the S.E.C., Goody Guillén states that the S.E.C. is attempting a one-size-fits-all approach and that “there has to be a regulatory regime in place for these novel assets beyond just saying they are all securities.”
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