Unstable Regulation Of Crypto Creates Legal Malpractice Risk

By Julie Mallen (April 24, 2020, 6:20 PM EDT) -- As blockchain technology and cryptocurrency become more prominent in both the digital and financial realms, federal regulatory bodies, such as the U.S. Securities and Exchange Commission, are being called upon to increase their presence and regulate the digital asset space.

While the SEC has regulatory authority over the issuance, resale and trade of digital assets that constitute a security, it has not promulgated a bright-line rule or operational test for determining when a digital asset is a security under Sections 2(a)(1) and 3(1)(1) of the Securities Act of 1933, sometimes leaving attorneys guessing as to how to make sense of applicable...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!