Neil Elan, Partner at Stubbs Alderton & Markiles LLP, recently shared his expertise with Bloomberg Law on cryptocurrency regulation under the Trump administration. While the SEC is dropping enforcement actions against major crypto players, Elan emphasized that accountability remains.
"Even if a 'Hawk Tuah' coin or the newest 'Libra' coin or the 'Melania' coin or the 'Trump' coin is not deemed a security, it does not mean that the operators or offerors are free to commit fraud, make materially false statements, or otherwise act improperly," Elan told Bloomberg Law.
As the SEC explores a new "regulatory framework" under acting Chairman Mark Uyeda, compliance and transparency remain essential for industry participants.
September 4, 2019
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