New Addition to Perkins Coie
On November 6, international law firm Perkins Coie (PC) made waves in the legal-tech community by welcoming Kari Larsen, the former counsel of the Commodity Futures Trading Commission (CFTC), to enhance their Blockchain Technology & Digital Currency industry group. This move underscores the firm’s commitment to navigating the maze of cryptocurrency regulations, as they understand that staying ahead in this domain is as critical as finding the last piece of pizza at a family gathering.
The Expertise of Kari Larsen
Larsen is no stranger to the legal intricacies surrounding commodities. Having worked at the Division of Enforcement at the CFTC, she brings compassion and competence—as if a superhero had joined the firm, cape and all. Molly Moynihan, co-chair of the firm’s investment management practice, expressed confidence in Larsen’s ability to address the multifaceted issues inherent in blockchain and cryptocurrency, noting, “I’m confident that Kari has a true understanding of the impact that blockchain and crypto will have on our industry.”
A Firm with Vision
Perkins Coie has been at the forefront of understanding the evolving legal landscape related to cryptocurrency since forming its blockchain group in 2013. They are like those kids who start studying for final exams months in advance—prepared and ready to tackle whatever comes their way. By integrating Larsen’s experience in U.S., U.K., and E.U. commodity laws, the firm aims to fortify its capabilities in representing a diverse range of clients, from startups to institutional investors.
The Timing is Everything
This strategic hire comes at an opportune moment as demand for legal advice concerning cryptocurrency is skyrocketing. With institutional offerings like the Intercontinental Exchange’s Bakkt platform set to launch on December 12, the pressure is on for legal teams to provide guidance that is not only accurate, but also adept at managing the complexities of regulatory compliance. We all know that nothing adds spice to a Monday morning like navigating financial regulations.
The Road Ahead for Bakkt
Commentators are buzzing about the regulatory challenges facing Bakkt, which will offer one-day physical Bitcoin futures. Although the Chicago Board Options Exchange saw record volatility lows in October, the future remains uncertain, resembling a rollercoaster where everyone wants to get off but no one can find the exit. As the countdown to Bakkt’s launch continues, the industry waits with bated breath to see how the regulatory climate will shape the future of crypto trading.
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