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ARTICLE · 16 OCTOBER 2023

Partner Hailey Lennon Discusses Battle Between SEC And Crypto Companies In Forbes Article

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In an article for Forbes, partner Hailey Lennon analyzes the latest development in the battle between various cryptocurrency companies and the U.S. Securities...

United StatesTechnology
Hailey Lennon
Hailey Lennon

In an article for Forbes, partner Hailey Lennon analyzes the latest development in the battle between various cryptocurrency companies and the U.S. Securities and Exchange Commission (SEC): a push by lawmakers for the SEC to approve spot bitcoin exchange-traded funds (ETF) immediately.

In the Sept. 27 article, Lennon noted that, since 2017, the SEC has become thought of as a hostile regulator of the cryptocurrency industry.

"The SEC has been criticized for regulating through enforcement action, rather than cooperating with the industry to make a clear path forward," Lennon wrote. "Cryptocurrency exchange and spot bitcoin ETF applications have been denied or stuck in a pipeline. Cryptocurrency companies (like Coinbase) have said they've met with the SEC dozens of times with no resolution or clarity. However, more recently the SEC has faced various defeats in court that further demonstrate the need for the SEC to be proactive in regulating the industry."

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