10 minute read | September.06.2023
More robust cryptocurrency regulation seems likely – and fintechs should not wait to prepare.
In a new piece in Law360, Orrick’s Edward Somers and Melina Montellanos outline seven steps fintechs can take to manage risk surrounding increased regulatory scrutiny of crypto in the name of consumer protection.
They explore the prospect that authorities will use existing consumer-protection laws to regulate cryptocurrency. The Electronic Fund Transfer Act and its implementing Regulation E make an easy – but deeply flawed – candidate.