Richard Levin of Nelson Mullins, who chairs the firm’s FinTech and Regulation Practice, was featured in a December 31 article by MacKenzie Sigalos of CNBC. The article focuses on the how the U.S. has proven one of the most active regulators of crypto companies.

Levin noted that while the SEC and CFTC have “provided guidance to the industry on how digital assets and cryptocurrencies must be offered and sold, traded, and held by custodians, … much of their work has involved providing guidance to the industry through enforcement actions.”

He also noted that, “Some members of the industry forget the SEC is relying on laws that were written when American football players wore leather helmets, and the SEC must apply those laws to the FinTech industry.”

Finally, he said that, “[e]ven as U.S. lawmakers take steps toward crypto legislation, there remains no law in the U.S. tailored specifically for the industry [and] it’s unlikely that we’ll see much progress in a presidential election year and with a divided federal government.”

Read the article.