Foley Partner Louis Lehot Quoted in Law360 on China Crypto Ban

24 September 2021 Law360 News

Foley partner Louis Lehot was quoted in the Law360 article, “China Bans All Crypto Transactions In Broad Clampdown.” The article discusses China’s declaration that all cryptocurrency transactions in the country are illegal, marking its harshest crackdown yet on the burgeoning industry.

“It is the crescendo of years of actions,” Lehot told Law360. “The other regulatory actions [the Chinese government] has taken to date are part of a coordinated effort to reassert the state as the primary actor in the economy.”

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