Be Prepared, Because The SEC Is Coming For CryptoLawyers
You better hope you did things by the book, or you could be looking at disbarment or worse.
I can’t imagine this will end pretty for our sector. It could be pretty gruesome.
— Professor Aaron Wright of Cardozo Law, who serves as chairman of the Enterprise Ethereum Alliance legal industry working group, commenting on the Securities and Exchange Commission’s increased interest in the attorneys who have guided cryptocurrency companies through the “regulatory gray areas” that are initial coin offerings. Lawyers could be barred from SEC practice, fined, disbarred, or criminally charged if they misadvised their crypto-clients.
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Staci Zaretsky has been an editor at Above the Law since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
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