Partner in ‘InvestmentNews’ on Warren’s Call for Digital Currency Regulation
BCLP Partner Ashley Ebersole was quoted July 8 by InvestmentNews on Sen. Elizabeth Warren’s (D-Mass.) warning that cryptocurrency markets pose new risks for investors. Warren, who chairs the Senate Banking Committee’s Subcommittee on Economic Policy, is pressing the Securities and Exchange Commission to institute more regulation. “I think she’s correct to point out that there are risks to crypto due to a lack of understanding by consumers,” said Ebersole, a former SEC attorney. “She wants to add her voice to the chorus of people hectoring for there to be a regulator of the spot crypto market.” Ebersole noted that increased regulation of cryptocurrency could come through the SEC and the Commodity Futures Trading Commission developing new rules, or Congress could create a new agency dedicated to overseeing cryptocurrency markets. “I wouldn’t discount the possibility we could see a new regulator,” Ebersole added.
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