Jul. 27, 2022
Cryptocurrency is more regulated than you thought
This prosecution has far greater implications than this one case. It is a turning point in the world of cryptocurrency.
Louis J. Shapiro
Email: LouisJShapiro@Gmail.com
Louis, a former Los Angeles County Public Defender, is a criminal defense attorney and State Bar-certified criminal law specialist out of Century City. He is also a legal analyst, board member of the California Innocence Project and Project For The Innocence at Loyola Law School, CACJ and LACBA'S Criminal Justice Executive Committee.
Since the birth of cryptocurrency, the public has been operating under the impression that it is an unregulated industry and is not subject to the general rules and regulations of traditional financial holdings. That all changed last week when federal prosecutors in Manhattan indicted a Coinbase employee and two others of anti-fraud rules.
Coinbase is one of the largest cryptocurrency exchanges in the world. It serves a platform for online...
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