In the News

SEC's Moves to 'Modernize' ETFs Hint at Crypto Future,

October 07, 2019

Morgan Lewis partner Laura Flores is quoted in this article discussing the US Securities and Exchange Commission’s (SEC’s) efforts to “modernize” the regulation of exchange-traded funds (ETFs). “We think the SEC staff understands that the desire for broader access to cryptocurrency and cryptocurrency-based products is not a fad,” Laura said in the article. “A retail-oriented cryptocurrency ETF will need to demonstrate that it can insulate itself and its investors from the more harmful characteristics of cryptocurrency — such as fraud, manipulation and extreme price volatility — as they pertain to the reference cryptocurrency.”

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