Crypto Regulatory Developments in the US: Interview with Steven Gatti, Lawyer at Clifford Chance

Steve explained the different regulatory developments at State and Federal level and the five main bills that are in the pipeline. Steve highlighted the uncertain future of these Bills and pointed to the bipartisan responsible financial services innovation act which may have the most chance of making it through the legislative process. Steve also went through the first set of reports coming out of President Biden’s Executive Order and the six main priorities underpinning it – consumer and investor protection, promoting financial stability, countering illicit finance, US leadership in the global financial system and economic competitiveness, financial inclusion and responsible innovation. To date there is little in terms of hardwired rules and precise timelines and more of regulation by enforcement approach.