The U.S. crypto industry could be ready to pop off after the SEC has been hit with losses in court, says K&L Gates partner Jeremy McLaughlin.
“To be a lawyer in the space, it’s quite difficult to advise clients,” McLaughlin remarked. He added he it was also frustrating that he couldn’t give clients clear answers.“Finally, there are cases that are being filed and the decisions have been going strongly in the favor of the digital asset industry,” McLaughlin added.In another part of the discussion, the panelists were asked about their thoughts on the state of Australia’s crypto legislation, compared to others.
“It's very clear to say that Australia is lagging. What that means [...] Is how that affects on-the-ground businesses that are operating with digital assets.” She highlighted the overhead needed for local crypto firms to get legal advice “that could be defunct in three minutes' time.”“We hear the Treasurer is going to come out with regulation, [the Australian Securities and Investments Commisson] is going to do something, Senator Bragg's bill in play,” she said.
“There are so many pieces that are still in play with no clear resolution as to when it's going to happen. So that supports my word: ‘Lagging.’”
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