Reuters quoted Matt Kulkin in a March 2 article titled "Biden's SEC Chair Nominee Signals More Regulation for Cryptocurrencies." The article discusses how the US Securities and Exchange Commission (SEC) appears likely to work on its first guidelines for cryptocurrencies. During his confirmation hearing before the Senate Banking Committee, Gary Gensler promised to provide "guidance and clarity" to the rapidly evolving market if he is confirmed to lead the top US markets regulator.
Kulkin, co-chair of the firm's Financial Services practice, says: "Industry has been pretty clear they would like more regulatory certainty they were not able to get that under Chair Clayton. I think Mr. Gensler understands that."
The full article can be read at Reuters.