Bracewell’s David Shargel told The National Law Journal that the new US Securities and Exchange Commission’s crypto task force is the realization of investor and attorney expectations since Donald Trump was elected president.
“It’s clear that this is not last week’s SEC,” Shargel said. “The SEC has now made clear it is no longer going to rely on enforcement actions to serve as the vehicle to regulate crypto and it is going to take a different approach that allows more clarity. Lawyers have been hoping for clear regulatory lines and it sounds like they may be on the path to getting it.”
