Under Chair Gary Gensler, the SEC has made cryptocurrency-related enforcement a top priority and the recent actions from the agency this week signals that heightened scrutiny from U.S. regulators toward the industry will not be slowing down, which has fueled demand for legal services.
Big Law’s cryptocurrency and securities investigations practices have reported more litigation, enforcement, restructuring, bankruptcy work and public policy advising.
“There’s going to be a lot to follow on private litigation,” said Kayvan Sadeghi, co-chair of Jenner & Block’s fintech and crypto assets practice. “I think the plaintiffs bar is likely to follow the lead of the regulators and seek to bring a lot of actions leveraging the complaints and other statements by the SEC.”
Source: Crypto Turns to Big Law for Defense Amid SEC Crackdown | National Law Journal
