Schulte partner Stephanie Breslow quoted in CoinGeek

Schulte partner and Investment Management Group co-head Stephanie Breslow was recently interviewed by CoinGeek reporter James Field to discuss the “state of US digital asset regulation in 2023 and the crucial court cases shaping it.”  

Stephanie stated, “Our legislative process is at an impasse; nothing is getting passed. The House and Senate oppose each other, there’s an inability to move on anything in actual crypto regulation, and I don’t think that will change, certainly not before the election, which leaves us with the regulatory environment that we have.”  

She added, “There’s a bit of a turf struggle there because the obvious question, ‘which cryptos are securities?’ lurks, and if they are securities, then they need to be privately placed or resold under Rule 144 after a year, and they need to be sold on exchanges that either are not open to US people and are being operated offshore or are open to US people but are only selling cryptos that aren’t securities.” 

Stephanie also discussed how the SEC's cases against Binance and Coinbase will shape the future of the digital asset space in the US. Despite the uncertainty in Congress, she is optimistic about the future of the digital asset industry due to the value and utility the sector offers to investors and consumers.  

Read more here.