The U.S. lacks a clear governing body regulating the crypto industry, with analog laws policing the digital world and misconceptions among lawmakers still running rampant, says Prime Trust in its latest state of regulation report. Prime Trust VP of Regulatory Affairs Jeremy Sheridan discusses the legislation he is watching.
Prime Trust VP of Regulatory Affairs Jeremy Sheridan suggests there needs to be a whole new regulatory agency to address digital assets, saying "having a novel approach to a very novel technology may be more appropriate." He discusses the likelihood of that option.
“This event is really going to accelerate the conversation surrounding some … existential questions within the industry related to … regulation,” Prime Trust VP Jeremy Sheridan says about the legal consideration around the upcoming Ethereum Merge.
Could the upcoming Ethereum Merge change the nature of ether (ETH) from a commodity to a security? Prime Trust VP Jeremy Sheridan discusses the legal considerations of the merge and how it might shape the future of the U.S. crypto regulatory framework. Plus, he reacts to Celsius’ lawsuit against Prime Trust.