Nofziger Comments On Crypto Regulation In SEC Roundup – Fin Tech

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Pryor Cashman Counsel Dustin Nofziger, a member of the
firm’s Financial Institutions Group, spoke to Law360
about cryptocurrency regulation.

In “Top SEC Controversies In 2022: Midyear Report,”
Dustin noted, “With crypto becoming a significant financial
asset in recent years, there’s naturally been more interest
from regulators and Congress to wrap their arms around it and make
sure the space is regulated appropriately.”

In a discussion about the recent decline in cryptocurrency
markets, he added, “On one hand, if the crypto market
continues to decline it could take some of the air out of the sails
for Congress to act…On the other hand, a continued decline could
act as a countervailing force that pushes for additional regulatory
clarity to protect retail investors even if cryptocurrency
doesn’t take over the world.”

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