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Feb 23, 2022

Crypto Love is a Battlefield

By Richard ("Rick") Levin, Craig P. Nazzaro, Kevin Tran, Brian Russ
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Reprinted with permission from CPI TechREG Chronicle

The battle over blockchain technology and digital assets bears a striking resemblance to the debate over the potential of the internet in the mid-1990s. Where critics see a passing fad with little actual utility or a lawless industry rife with fraud, many others believe a financial system supported by blockchain technology and digital assets, including virtual currencies such as Bitcoin, has significant potential has the potential to democratize and transform the very nature of the financial services industry and change how consumers, businesses and even governments interact with the financial system. Innovation in the financial services sector sparked by blockchain and digital assets, however, have caused U.S. federal and state regulators to devote more resources to better understanding this technology and the potential impact a digitized financial system could have on consumer protection, the “traditional” finance industry, and the overall safety and soundness of the financial system. As a result, regulators are taking steps to develop the tools and regulatory infrastructure to better ensure that innovation is being done responsibly.

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Related Professionals
Richard ("Rick") Levin
Senior Director
Denver, CO
Send EmailT 303.583.9929
Craig P. Nazzaro
Managing Director
Atlanta, GA
Send EmailT 404.322.6969
Kevin Tran
Team Member
Nashville, TN
Send EmailT 615.664.5322
Brian Russ
Team Member
Charlotte, NC
Send EmailT 704.417.3051

These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.

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