Patrick Daugherty Discusses Recent SEC Cryptocurrency Regulation Effort with Blockworks
August 15, 2022
Blockworks
Foley & Lardner LLP Partner Patrick Daugherty is quoted in the Blockworks article, “Crypto Industry Eyes SEC’s ‘Regulation by Enforcement’ Ramp Up,” discussing the Securities and Exchange Commission’s (SEC) attempts to expand its authority over the crypto industry amid regulatory uncertainty.
The SEC recently charged 11 people for allegedly creating and promoting a fraudulent crypto pyramid and Ponzi scheme, Forsage, stating that investors earned profits by recruiting others.
Looking ahead, Daugherty suggested that the SEC will continue to crack down on fraudsters in the crypto space. “Fraud cases are easy cases. I expect the SEC to bring easy cases to chalk up easy wins,” said Daugherty.
People
Related News
July 11, 2025
In the News
Foley Attorneys Assess Critical IP Considerations for Emerging Medical Device Companies
Foley & Lardner LLP attorneys Shabbi Khan, Nate Beaver, Austin Kim, and Jeff Simon authored the Med Device Online article, "Critical Considerations For IP & Patents For Emerging Medical Device Companies."
July 11, 2025
In the News
David Morris Featured for Arrival to Foley's Salt Lake City Office
Foley & Lardner LLP partner David Morris is highlighted across legal press for his recent arrival to the firm.
July 10, 2025
In the News
Ann Marie Uetz Comments on Automotive Supply Chain Approach to Evolving Tariff Environment
Foley & Lardner LLP partner Ann Marie Uetz shared perspective from the automotive supply chain amid the evolving trade environment in the Crain's Detroit article, "Ford, Stellantis tighten terms on suppliers as tariff costs add up."