By Mike Gass, Diana Lloyd and Alex Bevans (June 28, 2022, 3:43 PM EDT) — Regardless of its latest thrashing, the cryptocurrency market remains to be valued at somewhat over $915 billion.[1]
That prime market capitalization, alongside broadly mentioned regulatory uncertainty, has created fertile floor for litigation and enforcement to develop.
If latest developments are any indication, they’re doing simply that. Three latest instances illustrate how uncertainty has led to novel purposes of present regulation and inspired litigation. These instances come from the realms of:
Legal enforcement, as seen in In re: Legal Criticism;
Civil enforcement, as seen in U.S. Securities and Change Fee v. LBRY Inc.; and
Non-public litigation, as seen in Underwood v. Coinbase International Inc….