Patrick Daugherty Discusses Recent SEC Cryptocurrency Regulation Effort with Blockworks
15 August 2022
Blockworks
Foley & Lardner LLP Partner Patrick Daugherty is quoted in the Blockworks article, “Crypto Industry Eyes SEC’s ‘Regulation by Enforcement’ Ramp Up,” discussing the Securities and Exchange Commission’s (SEC) attempts to expand its authority over the crypto industry amid regulatory uncertainty.
The SEC recently charged 11 people for allegedly creating and promoting a fraudulent crypto pyramid and Ponzi scheme, Forsage, stating that investors earned profits by recruiting others.
Looking ahead, Daugherty suggested that the SEC will continue to crack down on fraudsters in the crypto space. “Fraud cases are easy cases. I expect the SEC to bring easy cases to chalk up easy wins,” said Daugherty.
People
Related News
27 August 2024
In the News
Samuel Goldstick Assesses Data Privacy Challenges for Automakers
Foley & Lardner LLP partner Samuel Goldstick underscored how disclosure can help automakers reduce legal risk in the Automotive Dive article, "Automakers face growing data privacy challenges, experts say."
26 August 2024
In the News
Judith Waltz Quoted on Inflation Reduction Act, Pharma Impact
Foley & Lardner LLP partner Judith Waltz is quoted in the PharmaVoice article, "Pharmas’ IRA court losses mount. They keep pursuing them."
20 August 2024
In the News
Kevin Hyde Featured in Q&A on Jacksonville Legal Market – 'The outlook is good'
Foley & Lardner LLP partner Kevin Hyde is featured in a Capital Analytics Associates Q&A on the major achievements of Foley's Jacksonville office, key trends in the legal market, and the firm's commitment to its talent and client service.