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In the News

Sept. 6, 2021

Digital Asset Lender Faces Regulatory Scrutiny

The Financial Times

Richard Levin, chair of Nelson Mullins’s FinTech and Regulation Practice, was recently quoted in an article in The Financial Times – “Regulators in three US states close in on BlockFi’s cryptocurrency accounts”.  The article discussed the recent actions by several state regulators against BlockFi, a leading digital asset lending platform. The cases could be a bellwether for scrutiny from federal regulators and quoted Levin, who noted the states “may argue that this looks like a product that is a security based on some precedent that applies to certain types of debt instruments.” 

An electronic trading and Wall Street veteran, Levin was one of the first lawyers to focus on the regulation of blockchain and digital assets. He is considered a thought leader in the FinTech space. Chambers and Partners has recognized him as one of a select group of attorneys in the FinTech, blockchain, and cryptocurrency space. He is a frequent speaker at conferences on FinTech and regulatory issues and is the co-author of several chapters of books on U.S. regulation of digital assets and blockchain technology.



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