In Global Banking Regulation Review, White & Case partner Douglas Landy is quoted on the impact of the White House's new framework for the responsible development of digital assets. The framework encourages regulators like the Securities and Exchange Commission and Commodity Futures Trading Commission to "aggressively pursue" enforcement against illegal activity in the cryptocurrency space.
In response to the framework, Landy says, "While it claims to be a comprehensive crypto framework of some kind, it really hasn’t advanced the issues much from the presidential order from six months ago". He states that the White House is "really moving slowly in a world where they need to be much more urgent." Looking to the future, Landy hopes that upcoming reports will provide more clarity. "Whenever the agencies put something out, that's the beginning of the process. It'll be several years before there are actual rules in place."
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