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ARTICLE · 08 MARCH 2024

5 Trends To Watch: 2024 Blockchain

Greenberg Traurig
Greenberg Traurig
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Greenberg Traurig

Greenberg Traurig

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Continued Robust Litigation and Enforcement Actions by Federal and State Regulators and Enforcement Authorities – We will likely see a similar level of anti-fraud prosecutions...

United StatesTechnology
  1. Continued Robust Litigation and Enforcement Actions by Federal and State Regulators and Enforcement Authorities – We will likely see a similar level of anti-fraud prosecutions by the Department of Justice (DOJ) (not necessarily to the FTX level) and a continued strident pace of enforcement actions by the Securities and Exchange Commission (SEC), including Section 5 type claims against token issuers and exchanges. We anticipate key rulings in alleged securities cases in 2024, including the ongoing SEC v Coinbase litigation and the SEC v Ripple appeal.
  2. Digital Assets – We expect limited new legislation on blockchain and digital assets coming out of the U.S. Congress in 2024, despite general bipartisan agreement in this sector. Piecemeal proposals may be tucked into unrelated and key must-pass legislation. Rule proposals from the SEC are also unlikely under the current Commission.

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