Larry Florio

Larry Florio, a seasoned crypto lawyer and general counsel at 1kx, discusses the implications of recent settlements with the CFTC and SEC involving Uniswap Labs and Galois Capital. He raises concerns about these precedents possibly pushing regulators to adopt more aggressive enforcement. The conversation dives into the SEC’s unclear directives around qualified custodians, potential bans on crypto funds, and issues of preferential treatment in fund management. Tune in for insights on the evolving regulatory landscape and its challenges for the crypto industry.

Larry Florio, general counsel at 1kx, provides crucial insights into the shifting landscape of crypto regulation. He discusses the implications of the SEC's recent actions against Galois Capital and Uniswap, suggesting these may mark a new era of enforcement. Florio highlights the ambiguity surrounding qualified custodians, the challenges asset managers face with compliance, and the SEC's potential overreach that could suffocate the industry. He emphasizes the urgent need for clearer guidelines on crypto asset securities amidst rising frustrations within the sector.