Morgan Lewis partner Laura Flores is quoted in this PYMNTS.com 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.”