Nimish Patel Quoted in Law360 on Crypto & SEC
Nimish Patel was quoted in the article, "SEC Seen As Broadening Crypto Reach With Latest Actions," published by Law360 on September 13, 2018.
The article discusses the latest developments concerning cryptocurrency, and comments on the SEC's recent actions and signals.
From the article...
"...others view the SEC’s apparent caution as an indication that the agency is taking its time to fully understand cryptocurrency and how the existing laws might apply to it. By issuing subpoenas, the regulator is collecting information about industry players, their transactions and whether they were in compliance with security laws, which could eventually lead to settlements or other orders.
'I think it's just a matter of time,' said Nimish Patel, vice chairman of Mitchell Silberberg & Knupp LLP. 'I don’t think they’re asleep at the wheel.'"