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ARTICLE · 25 MARCH 2025

What The Future May Hold For Crypto Asset Litigation And Regulation

Benesch, Friedlander, Coplan & Aronoff LLP
Benesch, Friedlander, Coplan & Aronoff LLP
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The Trump Administration has espoused—both on the campaign trail and in recent administrative actions—a strong interest in deregulating cryptocurrency laws and advancing the United States itself as a player...

United StatesTechnology
William E. Walsh
William E. Walsh
Patrick Beisell
Patrick Beisell
Ruddy Abam
Ruddy Abam
Juan Andrés Mata
Juan Andrés Mata
Amakie Amattey
Amakie Amattey
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The Trump Administration has espoused—both on the campaign trail and in recent administrative actions—a strong interest in deregulating cryptocurrency laws and advancing the United States itself as a player in the cryptocurrency space. This is a marked departure from the previous presidential administration. With this backdrop in mind, this publication analyzes recent crypto asset litigation, including the burgeoning realm of "meme coin" litigation, and the federal regulatory landscape to assess where crypto asset law and regulation are headed.

Recent Federal Cryptocurrency Litigation

One issue that has been considered for years is the question of whether certain digital assets should be classified as regulated securities. In 2023, this issue was the subject of two high-profile court decisions in the Southern District of New York. In SEC v. Ripple Labs, Inc., 682 F.Supp. 3d 308 (S.D.N.Y. 2023)—which was dropped by the SEC on March 19, 2025—the court applied the How

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