Following the indictments of senior FTX executives, two guilty pleas and related enforcement actions by the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, the digital asset space faced huge difficulties towards the end of 2022.
In addition, on January 3, 2023, the Federal Reserve, the FDIC (Federal Deposit Insurance Corporation) and the OCC (Office of Comptroller of the Currency) issued a joint statement highlighting “key risks associated with crypto-assets and crypto-asset sector participants.” Those risks included:
U.S. Litigation experts Todd Fishman and Eugene Ingoglia talk through these developments and what they might reveal about potential trends as we enter 2023.
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