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Robert Long Quoted on The Street Regarding Cryptocurrency and Bitcoin Regulation

Partner Robert Long is quoted on The Street (thestreet.com) in the article titled, “How Federal Regulators Are Playing Catch-Up With Bitcoin Craze.” The piece details how federal regulators are playing a game of catch-up when it comes to the legal and tax effects of the explosion in cryptocurrency and Bitcoin investing. Long, a former attorney at the U.S. Securities and Exchange Commission (SEC), Department of Justice (DOJ), and Financial Industry Regulatory Authority (FINRA), commented, “We're at a point in the regulatory environment where there's guidance out there, but it's not well established.” Long also said, “Cryptocurrency prices are extremely volatile.  Huge, rapid price swings are common.” Long noted, “[It’s] a wild ride.”  To read the full article, please click here.