Partner Philip Moustakis, a member of the firm’s Government Enforcement & Internal Investigations and Blockchain & Cryptocurrency practice groups, was quoted in a Blockworks’ article titled, “What the SEC’s new crypto task force could mean.”

Moustakis noted, “While former SEC Chair Jay Clayton paired enforcement actions with informal guidance, that essentially stopped under Gary Gensler. The task force announcement signals the return of valuable informal guidance and potentially more formal direction in the works.”

“This is not to say the federal securities laws will not apply to crypto offerings or transactions under appropriate facts and circumstances,” he said. “Ideally, however, there will be more clarity with respect to when and how they apply, and they will be applied in a way that lets crypto [be] crypto.”

Click here to read the full article.

Related Attorneys

Philip Moustakis

(212) 574-1604
moustakis@sewkis.com

Related Practices