In a Legaltech News article, asset management partner Melissa Bender, who leads the cryptocurrency & blockchain group, reviewed 2023 cryptocurrency industry milestones.
“Crypto is in a bit of a state of suspended animation as we close out 2023. Although there have been wins – or at least perceived wins -- for the industry in the form of the Grayscale and Ripple court decisions, the headwinds remain strong. The SEC’s action against Coinbase has had a chilling effect on the industry, as has the criminal conviction of SBF and CZ’s recent guilty plea. Banking options for players in the US crypto ecosystem remain limited. Stablecoin legislation continues to list and threatens to sink in Congress,” said Melissa.
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