Recents in Beach

Law Firm Perkins Coie Adds Ex-CFTC Counsel to Dedicated Crypto, Blockchain Group

U.S. international law firm Perkins Coie (PC) announced it had hired
a former counsel for the country’s commodities regulator to work in
its blockchain practice in a press release Nov. 6.
Kari Larsen, who previously worked at the Division of Enforcement of
the Commodity Futures Trading Commission ( CFTC), will now be based
at PC’s Blockchain Technology & Digital Currency industry group.
The group originally formed in 2013, with PC keen to gain an
understanding of the complex legal landscape which continues to evolve
around cryptocurrency and related tokens in the U.S.
“I’m confident that Kari has a true understanding of the impact that
blockchain and crypto will have on our industry,” Molly Moynihan, co-
chair of the firm’s investment management practice and member of
the firm’s management committee commented in the release, adding:
“Her extensive experience representing clients in a wide
range of commodity and transactional matters, and regularly
providing counsel on global matters related to U.S., U.K. and
E.U. commodity laws and regulations, will be a significant
advantage to our national practice.”
The move comes as legal advice concerning cryptocurrency handling
remains highly sought-after in the weeks leading up to the emergence
of fresh offerings targeting institutional investors.
As Cointelegraph reported, Dec. 12 should see the launch of the
Intercontinental Exchange’s Bakkt platform, which will offer one-day
physical Bitcoin futures . Earlier this week, the U.S. Chicago Board
Options Exchange ( CBOE ) noted that their BTC futures offering hit
record volatility lows in October.
The path to regulatory certainty for Bakkt is complex, commentators
have noted this week, some seeing the launch as a crucible for what is
possible under the current U.S. climate.

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