{"id":384509,"date":"2021-12-22T17:04:24","date_gmt":"2021-12-22T14:04:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/"},"modified":"2021-12-22T17:04:24","modified_gmt":"2021-12-22T14:04:24","slug":"powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/","title":{"rendered":"#Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35d8c99243c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35d8c99243c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021\" >Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Inside_the_Iranian_Bitcoin_mining_industry\" >Inside the Iranian Bitcoin mining industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#6_Questions_for_David_Chaum_of_XX_Network\" >6 Questions for David Chaum of XX Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#SEC_delays_spot_Bitcoin_ETF_decisions_Nike_enters_Metaverse_arena_and_a_crypto_exchange_gets_hacked_Hodlers_Digest_Dec_12-18\" >SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Shanghai_Man_AscendEX_reopened_after_80m_hack_Huobi_suffers_key_personnel_departures_and_government_officials_punished_for_mining_activities\" >Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#1_El_Salvador_adopts_BTC_as_a_national_currency\" >1. El Salvador adopts BTC as a national currency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#2_The_United_States_woke_legislation_on_blockchain_transactions\" >2. The United States woke legislation on blockchain transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#3_Federal_Reserve_Chair_Powell_is_open_to_the_benefits_of_blockchain_for_the_financial_system\" >3. Federal Reserve Chair Powell is open to the benefits of blockchain for the financial system<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#4_SEC_allows_Bitcoin_ETF_for_retail_customers\" >4. SEC allows Bitcoin ETF for retail customers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#The_best_of_blockchain_every_Tuesday\" >The best of blockchain, every Tuesday<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#5_Ripple_fights_the_SEC_in_court\" >5. Ripple fights the SEC in court<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-2\" >Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Inside_the_Iranian_Bitcoin_mining_industry-2\" >Inside the Iranian Bitcoin mining industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#6_Questions_for_David_Chaum_of_XX_Network-2\" >6 Questions for David Chaum of XX Network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#SEC_delays_spot_Bitcoin_ETF_decisions_Nike_enters_Metaverse_arena_and_a_crypto_exchange_gets_hacked_Hodlers_Digest_Dec_12-18-2\" >SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/buradabiliyorum.com\/en\/powers-on-top-5-crypto-legal-and-regulatory-developments-of-2021\/#Shanghai_Man_AscendEX_reopened_after_80m_hack_Huobi_suffers_key_personnel_departures_and_government_officials_punished_for_mining_activities-2\" >Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p&gt;&lt;span style=\"font-weight: 400\"&gt;&lt;strong&gt;While still leading the securities litigation, hedge fund and SEC defense national practices at my last law firm, BakerHostetler, my practice team members and I would prepare an annual list of key developments and cases in the area each December.&lt;\/strong&gt; &lt;\/span&gt;\n<\/code><\/pre>\n<p><span style=\"font-weight: 400\">It was usually a top 10 list that was then published by Wolters Kluwer in one of its CCH publications and by BakerHostetler as a separate publication to our law firm clients. Now that I am officially retired from law firm practice and these days devote most of my professional attention to the blockchain and crypto space, my editor, <\/span><span style=\"font-weight: 400\">Max Yakubowski<\/span><span style=\"font-weight: 400\">, and I thought it made sense to do something similar for Cointelegraphs readers.<\/span><\/p>\n<hr \/>\n<p><b><i>Powers On\u2026<\/i><\/b><i><span style=\"font-weight: 400\"> is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on Blockchain, Crypto and Regulatory Considerations.<\/span><\/i><span style=\"font-weight: 400\"><\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">So, here is my top five list for 2021. It has some caveats attached. For one, the blockchain space has so many dimensions, some implicating finance and many that do not. The use cases for this ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> expand each year, constrained only by human ingenuity. This list focuses on developments this year that affect financial transactions and systems. It also focuses on what I perceive as key regulation, legislation and litigation affecting the ecosystem. Next, this is a top five list, not a top 10 one. While yes, there are dozens of issues and items that are transformative, that would be a much longer piece. Finally, some of the items on the list I have already written about in prior columns, so they will be familiar to regular readers. As a result, I dont feel the need to provide lengthy explanations as to why an item made the list.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"c-message_kit__gutter\">\n<div class=\"c-message_kit__gutter__right\" role=\"presentation\" data-qa=\"message_content\">\n<div class=\"c-message_kit__blocks c-message_kit__blocks--rich_text\">\n<div class=\"c-message__message_blocks c-message__message_blocks--rich_text\">\n<div class=\"p-block_kit_renderer\" data-qa=\"block-kit-renderer\">\n<div class=\"p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first\">\n<div class=\"p-rich_text_block\" dir=\"auto\">\n<div class=\"p-rich_text_section\">\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__0_61c331ba60e5f    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='3000' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021\"><\/span>Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 22, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Iran\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Inside_the_Iranian_Bitcoin_mining_industry\"><\/span>Inside the Iranian Bitcoin mining industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for David Chaum of XX Network\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_David_Chaum_of_XX_Network\"><\/span>6 Questions for David Chaum of XX Network<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 19, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"SEC_delays_spot_Bitcoin_ETF_decisions_Nike_enters_Metaverse_arena_and_a_crypto_exchange_gets_hacked_Hodlers_Digest_Dec_12-18\"><\/span>SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 18, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Shanghai_Man_AscendEX_reopened_after_80m_hack_Huobi_suffers_key_personnel_departures_and_government_officials_punished_for_mining_activities\"><\/span>Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 17, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"1_El_Salvador_adopts_BTC_as_a_national_currency\"><\/span>1. El Salvador adopts BTC as a national currency<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Back in June, at the <\/span><span style=\"font-weight: 400\">Bitcoin 2021 conference in Miami<\/span><span style=\"font-weight: 400\">, Salvadoran President Nayib Bukele announced he would seek to have El Salvador adopt Bitcoin as a national currency. At the time, the country had used the U.S. dollar as its official currency since 2001, abandoning at the time its local currency, the coln. In short order, the countrys legislative body adopted laws mandating that beginning in September, all commercial establishments must <\/span><span style=\"font-weight: 400\">accept Bitcoin as legal tender<\/span><span style=\"font-weight: 400\">, with some exceptions. Wallets containing $30 in BTC <\/span><span style=\"font-weight: 400\">have also been made available<\/span><span style=\"font-weight: 400\"> to citizens by the tiny countrys banks. This was not a voluntary choice for businesses; rather, it was required, which makes this event so significant.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It was a watershed moment for sovereign nations, as other countries have begun efforts to do the same, including Panama and Ukraine. While other countries have adopted blockchain technology for parts of their financial and governmental systems  such as Georgia mandating that government real estate auctions occur on a blockchain  this is different and more significant. It is for the entire countrys economy.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_The_United_States_woke_legislation_on_blockchain_transactions\"><\/span>2. The United States woke legislation on blockchain transactions<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">In November, Congress finally passed the Biden administrations <\/span><span style=\"font-weight: 400\">$1.2 trillion infrastructure legislation<\/span><span style=\"font-weight: 400\"> at least the piece of the proposed legislation that actually was directed at building and rebuilding our bridges, roads, rails and telecommunications. As part of the bill, formally called the Infrastructure Investment and Jobs Act, there is an <\/span><span style=\"font-weight: 400\">amendment to Section 6045<\/span><span style=\"font-weight: 400\"> of the tax code, which requires the reporting to citizens engaged in securities transactions, with an overly broad definition of brokers. It mandates tax reporting information by traditional brokerage firms of their customers. However, the bill arguably could be interpreted to impose this significant reporting requirement on blockchain miners and developers, which many in Congress believe is bad for crypto and overbearing.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10439 aligncenter\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Joe-Biden-signs-1.2T-infrastructure-bill-into-law-November-2021-min-300x214.png\" alt=\"\" width=\"648\" height=\"463\" \/><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">The importance of this tax provision is that it is one of the first efforts of the federal government to better incorporate digital assets, like virtual currency, into our nations tax code, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.portman.senate.gov\/sites\/default\/files\/2021-12\/12.14.21%20Yellen%20Cryptocurrency%20Letter%20-%20FINAL.pdf\"><span style=\"font-weight: 400\">according<\/span><\/a><span style=\"font-weight: 400\"> to a Dec. 14 letter from six senators to Treasury Secretary Janet Yellen, whether Yellen does as they ask or not. These senators are Rob Portman, Mark Warner, Kyrsten Sinema, Cynthia Lummis, Pat Toomey and Mike Crapo  members of both major political parties. It is also significant that not only is there support for the technology in the Senate, there is now also a Congressional Blockchain Caucus. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The caucus is a bipartisan group of members of the House of Representatives dedicated to advancing the technology with a light touch regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach, according to its mission statement. Back in August 2020, it wrote to the Internal Revenue Service seeking <\/span><span style=\"font-weight: 400\">clarity on how the agency would be taxing<\/span><span style=\"font-weight: 400\"> the block rewards arising from the <\/span><span style=\"font-weight: 400\">proof-of-stake<\/span><span style=\"font-weight: 400\"> validation process. As of this writing, the caucus website lists 35 members of the House, a significant number.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_Federal_Reserve_Chair_Powell_is_open_to_the_benefits_of_blockchain_for_the_financial_system\"><\/span>3. Federal Reserve Chair Powell is open to the benefits of blockchain for the financial system<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">On more than one occasion this past year, Federal Reserve Chairman Jerome Powell has stated publicly and in congressional hearings that he sees certain benefits for the world and U.S. financial systems in utilizing blockchain and digital assets. Back in March, he stated on CNBC that while Bitcoin <\/span><span style=\"font-weight: 400\">was not a very good store of value<\/span><span style=\"font-weight: 400\"> or currency, it was a speculative asset like gold. Thereafter, he made clear that the Fed has <\/span><span style=\"font-weight: 400\">no intention of banning crypto<\/span><span style=\"font-weight: 400\">. <\/span><\/p>\n<p><span style=\"font-weight: 400\">A few days ago, <\/span><span style=\"font-weight: 400\">Powell acknowledged that<\/span><span style=\"font-weight: 400\"> he does not envision the Armageddon that crypto haters see. He made clear he does not see crypto as a danger to the financial system at this time. Regarding stablecoins, he said they can certainly be a useful, efficient consumer-serving part of the financial system if theyre properly regulated.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-10440 aligncenter\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Jerome-Powell-speaks-during-a-Senate-Banking-Committee-hearing-on-Capitol-Hill-in-Washington-Nov.-30-2021-300x208.png\" alt=\"\" width=\"676\" height=\"469\" \/><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">If you think back a few years, cryptocurrencies  and the blockchains from where they come  were verboten in the federal government. No one was allowed to embrace them. So, it seems to me that there has been a clear evolution and maturation of thinking on the part of Powell about these things and the useful aspects of digital assets for our economy and the worlds financial system. Given Powells considerable influence over our economy and economic stability, likely even more so than our president, this is a very positive development. All of this talk seems like a precursor to a central bank digital currency being issued by the Fed.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_SEC_allows_Bitcoin_ETF_for_retail_customers\"><\/span>4. SEC allows Bitcoin ETF for retail customers<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">new Securities and Exchange Commission chairman, Gary Gensler<\/span><span style=\"font-weight: 400\">, has a clear bias toward his former employer, the Commodity Futures Trading Commission, where he served as chair from 2009 to 2014. Yet, he is still advancing the ball for crypto, albeit slowly.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For several years now, various financial companies have sought to sell exchange-traded funds based upon Bitcoin and other digital assets. ETFs hold a basket of securities or assets, such as the S&amp;P 500 ETF, which holds all of the securities in the S&amp;P 500 Index. ETFs are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly less costly investment products for retail investors than mutual funds. Yet, pointedly during the chairmanship of former SEC Chair Jay Clayton, each time one of the more than a dozen ETFs were presented to the SEC, it failed to approve the effectiveness of the public offering, effectively killing it.<\/span><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>(function() {window.mc4wp = window.mc4wp || {listeners: [],forms: {on: function(evt, cb) {window.mc4wp.listeners.push({event   : evt,callback: cb});}}}})();<!-- Mailchimp for WordPress v4.8.6 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><\/p>\n<div class=\"mc4wp-form-fields\">\n<div class=\"jeg_mc4wp_heading\">\n<h3><span class=\"ez-toc-section\" id=\"The_best_of_blockchain_every_Tuesday\"><\/span>The best of blockchain, every Tuesday<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>  Subscribe for thoughtful explorations and leisurely reads from Magazine.<\/p>\n<\/div>\n<p>By subscribing you agree to our Terms of Service and Privacy Policy<\/div>\n<p><label>Leave this field empty if you&#8217;re human: <\/label><\/p>\n<div class=\"mc4wp-response\"><\/div>\n<p><!-- \/ Mailchimp for WordPress Plugin --><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><span style=\"font-weight: 400\">In October, however, things changed. The SEC <\/span><span style=\"font-weight: 400\">allowed the first Bitcoin-based<\/span><span style=\"font-weight: 400\"> ETF to trade in public U.S. markets: the ProShares Bitcoin futures ETF. Yet, there was a catch. The ETF approved is based upon Bitcoin futures, not the underlying BTC itself found in the spot market, revealing Genslers biases from his years at the CFTC. To me, there is no legitimate rationale for allowing a futures-based ETF but not a spot-based one. Indeed, a futures-based ETF, which requires a rolling over of futures contracts, is more expensive to manage. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, it is restricted in the number of contracts that can be purchased under current CFTC position limits rules. There is no similar restriction for spot ETFs. The claim that the markets for Bitcoin have been in regulated marketplaces such as the CME for years and thus the futures marketplace is a more stable and orderly marketplace for an ETF is bunk. Nonetheless, at some point, a spot ETF will be approved, and the fact that all retail investors can now buy Bitcoin, even if derivatively, is a significant advancement for both the technology and alternative asset.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"5_Ripple_fights_the_SEC_in_court\"><\/span>5. Ripple fights the SEC in court<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">In the waning days of the lame-duck Clayton-led SEC in December 2020, the Commission authorized and <\/span><span style=\"font-weight: 400\">filed a lawsuit against Ripple<\/span><span style=\"font-weight: 400\"> and two of its principals, alleging the defendants engaged in unregistered public securities offerings of XRP over a period of years. As <\/span><span style=\"font-weight: 400\">discussed in one of my columns<\/span><span style=\"font-weight: 400\"> earlier this year, it was an ill-advised, overly aggressive action that did not need to be brought. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Among other reasons, it is questionable whether the XRP token was a security under the federal securities laws. Also, another government regulator, the Financial Crimes Enforcement Network, had previously complained in 2013 to Ripple that its offerings constituted currency exchanges, thus subjecting Ripple to register as a money services business exchanger with the agency. So, Ripple registered and was fined $700,000 by FinCEN as a penalty for registration and AML violations in 2015, only to have a separate federal agency  the SEC  claim five years later that the same offerings were public offerings of securities. Repetitive actions by multiple U.S. regulators for similar underlying transactions are unfair and unnecessary.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If I was a betting man, which I am, I would say the SEC will lose this fight  by which I mean the court either will find that XRP is not a security, that the sales of XRP by Ripples principals were not public offerings here in the United States, or that an injunction against the defendants is neither necessary nor granted. This fight and the subsequent decision by Judge Analisa Torres could be monumental.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There you have it, readers  my top five list.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Enjoy the holidays, and may we soon defeat COVID-19 worldwide. You will soon be hearing my ruminations again in 2022!<\/span><\/p>\n<p>\u00a0<\/p>\n<hr \/>\n<blockquote><p><b>Marc Powers<\/b><span style=\"font-weight: 400\"> is currently an adjunct professor at Florida International University College of Law, where he is teaching Blockchain, Crypto and Regulatory Considerations and Fintech Law. He recently retired from practicing at an Am Law 100 law firm, where he built both its national securities litigation and regulatory enforcement practice team and its hedge fund industry practice. Marc started his legal career in the SECs Enforcement Division. During his 40 years in law, he was involved in representations including the Bernie Madoff Ponzi scheme, a recent presidential pardon and the Martha Stewart insider trading trial.<\/span><\/p>\n<\/blockquote>\n<hr \/>\n<p><i><span style=\"font-weight: 400\">The opinions expressed are the authors alone and do not necessarily reflect the views of Cointelegraph nor Florida International University College of Law or its affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice.<\/span><\/i><\/p>\n<hr \/>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"c-message_kit__gutter\">\n<div class=\"c-message_kit__gutter__right\" role=\"presentation\" data-qa=\"message_content\">\n<div class=\"c-message_kit__blocks c-message_kit__blocks--rich_text\">\n<div class=\"c-message__message_blocks c-message__message_blocks--rich_text\">\n<div class=\"p-block_kit_renderer\" data-qa=\"block-kit-renderer\">\n<div class=\"p-block_kit_renderer__block_wrapper p-block_kit_renderer__block_wrapper--first\">\n<div class=\"p-rich_text_block\" dir=\"auto\">\n<div class=\"p-rich_text_section\">\n<div class=\"jeg_postblock_carousel jeg_postblock_carousel_3 jeg_postblock jeg_col_8 jnews_module__1_61c331ba67a3a    \">\n<div class=\"jeg_carousel_post\" data-nav='' data-autoplay='true' data-delay='3000' data-items=\"3\" data-margin='20'>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Powers_On%E2%80%A6_Top_5_crypto_legal_and_regulatory_developments_of_2021-2\"><\/span>Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 22, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Iran\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/magazine-Iran-bitcoin-mining-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Inside_the_Iranian_Bitcoin_mining_industry-2\"><\/span>Inside the Iranian Bitcoin mining industry<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 21, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"6 Questions for David Chaum of XX Network\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/David-Chaum-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"6_Questions_for_David_Chaum_of_XX_Network-2\"><\/span>6 Questions for David Chaum of XX Network<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 19, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/DEC-12-18-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"SEC_delays_spot_Bitcoin_ETF_decisions_Nike_enters_Metaverse_arena_and_a_crypto_exchange_gets_hacked_Hodlers_Digest_Dec_12-18-2\"><\/span>SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked: Hodlers Digest, Dec. 12-18<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 18, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div>\n<div class=\"jeg_post_wrapper\">\n<article class=\"jeg_post format-standard\">\n<div class=\"jeg_thumb\">\n<div class=\"thumbnail-container animate-lazy  size-1000 \"><img decoding=\"async\" width=\"75\" height=\"75\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/themes\/jnews\/assets\/img\/jeg-empty.png\" class=\"attachment-jnews-75x75 size-jnews-75x75 lazyload wp-post-image\" alt=\"Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media\" loading=\"lazy\" data-src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg\" data-srcset=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-75x75.jpg 75w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-100x100.jpg 100w, https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/10\/MAG-our-man-in-shanghai-6-350x350.jpg 350w\" data-sizes=\"auto\" data-expand=\"700\" \/><\/div>\n<\/p><\/div>\n<div class=\"overlay_content\">\n<div class=\"jeg_postblock_content\">\n<h3 class=\"jeg_post_title\"><span class=\"ez-toc-section\" id=\"Shanghai_Man_AscendEX_reopened_after_80m_hack_Huobi_suffers_key_personnel_departures_and_government_officials_punished_for_mining_activities-2\"><\/span>Shanghai Man: AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"jeg_post_meta\">\n<div class=\"jeg_meta_date\"><i class=\"fa fa-clock-o\"><\/i> December 17, 2021<\/div>\n<\/div><\/div>\n<\/p><\/div>\n<\/article>\n<\/div><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2021\/12\/22\/powers-on-top-crypto-legal-regulatory-developments-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Powers On\u2026 Top 5 crypto legal and regulatory developments of 2021&#8221; &lt;p&gt;&lt;span style=&#8221;font-weight: 400&#8243;&gt;&lt;strong&gt;While still leading the securities litigation, hedge fund and SEC defense national practices at my last law firm, BakerHostetler, my practice team members and I would prepare an annual list of key developments and cases in the area each December.&lt;\/strong&gt; &lt;\/span&gt; It&#8230;<\/p>\n","protected":false},"author":1,"featured_media":384510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/12\/Marc-Powers3-xmas.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-384509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=384509"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/384510"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=384509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=384509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=384509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}