The Digital Asset Market has exploded in the last 6 months! Bitcoin closing in on $50k and Ether looking at $2k. The 8400 plus token Digital Asset Market has surged to $1.4 Trillion in Market Capitalization. It was disclosed that Elon Musk’s Tesla bought $1.5 Billion of Bitcoin to invest excess cash (7% of Tesla cash) and will start accepting Bitcoin to purchase new Tesla models.
But not all is good in the Digital Asset realm as the SEC continues it’s suit against Ripple for sale of XRP as an unregistered security.
Patrick J. McCarty, Adjunct Professor at Georgetown University Law Center and Of Counsel at Ruddy Gregory PLLC, discussed about US legislative and regulatory developments related to Bitcoin, Ether and the broader Digital Asset Market.
Pat McCarty (Attorney at Ruddy Gregory PLLC, Washington D.C.) Patrick McCarty has over 25 years of experience working on financial services issues in various regulatory agencies and political groups in Washington, DC, and New York, NY, including the US Senate Agriculture, Nutrition and Forestry Committee, where he was the Senior Professional Staff Member working on Dodd-Frank financial reform issues, as well as other issues concerning the derivatives industry. He has also held senior positions with the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, the Managed Funds Association, the House Banking and Financial Services Committee, as well as four federal banking agencies and other private sector organizations. Mr. McCarty has spoken at many industry seminars and conferences. He received a BA in Economics from the University of Virginia, and a JD from the Catholic University of America Columbus School of Law.
Mike Brown (Attorney at Brown, Gee & Wenger LLP, San Francisco) Drawing on more than 35 years of law firm experience, Mike’s practice focuses on California business and real estate transactions and related entity formation and joint venture structuring. In addition, Mike has deep experience in all forms of dispute resolution.
Mike takes a collaborative approach, viewing his role as a problem solver, strategic thinker and strong advocate for his clients and their interests. Mike serves as the firm’s Managing Partner, having served in that role in two larger law firms prior to founding Brown, Gee & Wenger LLP in 2011.