By Mike Gass, Diana Lloyd and Alex Bevans (June 28, 2022, 3:43 PM EDT) — Despite its recent thrashing, the cryptocurrency market is still valued at a little over $915 billion.[1]
That high market capitalization, alongside widely discussed regulatory uncertainty, has created fertile ground for litigation and enforcement to grow.
If recent trends are any indication, they are doing just that. Three recent cases illustrate how uncertainty has led to novel applications of existing law and encouraged litigation. These cases come from the realms of:
Criminal enforcement, as seen in In re: Criminal Complaint;
Civil enforcement, as seen in U.S. Securities and Exchange Commission v. LBRY Inc.; and
Private litigation, as seen in Underwood v. Coinbase Global Inc….
