Cryptocurrency regulation continues to evolve and regulators and law enforcement are closely scrutinizing crypto issuers, exchanges, and market participants. At the federal level, the Securities and Exchange Commission (SEC) has established a Cyber Unit, the Commodity Futures Trading Commission (CFTC) has established a Virtual Currency Task Force, and the Department of Justice (DOJ) has created a Cybersecurity Task Force. At the state level, various state securities boards have filed cease and desist and administrative proceedings involving cryptocurrencies alleging state law violations.
Bell Nunnally is closely monitoring developments in this space and defends clients in these wide-ranging government inquiries; spearheads complex, crypto-related civil litigation; and counsels clients on complying with changing, and often opaque, crypto-related regulation. Bell Nunnally’s Cryptocurrency/Bitcoin Regulation Defense Team includes former prosecutors from the SEC, DOJ, and FINRA who understand how regulatory agencies operate and conduct investigations.