Overview
On June 13, 2023, Blockworks quoted Coy Garrison in a piece titled, "Rep. Waters surprised by 'strong advocacy' for CFTC crypto oversight." The article discusses recent testimony by witnesses from the crypto industry and legal experts on token classification and two crypto bill proposals that have yet to make it to the House floor.
Speaking about the roles that the CFTC and the SEC have in the future of crypto regulation, partner Coy Garrison said: "Sweeping statements that nearly all digital assets are securities, or are not securities, ignore the complexity of the analysis and distract from finding a workable solution to the numerous legal and regulatory issues involved in this context." Additionally, "The application of the Howey test to digital assets is not always a straightforward exercise."
Read the full article at Blockworks.
Read Coy's full testimony at the House of Representatives website.
