Wachtell Lipton Discusses Cryptoassets and the SEC’s Mandate

In recent months, the SEC has been the subject of intensifying criticism regarding its role in cryptoasset regulation.  While some critiques properly raise questions and engage in constructive debate, others have resorted to shrill attacks that betray a reflexively adversarial position toward any agency involvement in the cryptoasset space.  We continue to maintain that far greater regulatory clarity is indispensable to sustainable growth in the cryptoasset industry.  While we do not believe that such clarity comes from civil enforcement actions that are lodged against ancillary players with limited transparent analysis, it is just as important that public debate about the … Read more