Professor J. Scott Colesanti, a former regulator who has taught Securities Regulation for two decades, wrote the article “The SEC vs. Cryptocurrency: From Dante to Facebook,” which appears on page 4 in the Aug. 1 print edition of New York Law Journal. The article was first published on the NYLJ website on July 31.
The SEC has occasionally grabbed headlines by charging Ponzi schemers dabbling in cryptocurrency. But the agency — like all other American agencies — has resisted attempts at definition of the new product. In the article, Professor Colesanti threatens condemnation by the great Dante himself for those who further delay in providing guidance for entrepreneurs and safety for investors.
Read the full article on the New York Law Journal website.