Crypto Vies For Influence In Washington, But Seats On Crypto Council May Be Off The Table

Partner and co-chair of Herrick's Securities Litigation and Enforcement Group, Arthur G. Jakoby, spoke with Forbes Digital Assets about the Securities and Exchange Commission's ("SEC") new Crypto Task Force and how it may influence how courts regulate digital assets.

The article noted that a D.C. federal judge halted the SEC's lawsuit against Binance, remarking that the SEC's Crypto Task Force could "impact and facilitate the potential resolution of this case."

Multiple legal insiders and observers say additional similar actions may follow. "If you look at the pending SEC cases, I would expect that the ones limited to whether there was an offering of a security without proper registration will be dismissed. However, cases like Binance, which involve fraud allegations, may be more complicated. Either way, I think we'll find out very quickly in the next few weeks," explained Arthur.

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