Blockworks Features Braden Perry in Goldman Sachs Reportedly Exploring Ether Options Article
Mathew McDermott, Goldman Sachs head of digital assets, told Bloomberg in a recent interview that the bank is preparing to launch an ether futures and options trading platform for clients in the near future. Reportedly, Goldman is planning on offering an exchange-traded notes tracking the price of bitcoin, including other digital assets derivatives products.
Kennyhertz Perry partner, and former CFTC enforcement attorney Braden Perry, comments on the issue of the CFTC’s laws and regulations which are constantly changing and might not be compatible in the era of digital assets.
“These regulations were drafted decades ago and are framed in the so-called ‘traditional’ investing community of high-priced brokers and sophisticated, wealthy investors,” he told Blockworks by email. “The last thing any industry wants is regulation by enforcement, where agencies decide that some practices should have been illegal, and instead of declaring it illegal from now on through rule-making, go back and prosecute the people who were doing it before.”
To read this article in full: https://blockworks.co/goldman-sachs-reportedly-exploring-ether-options/
Kennyhertz Perry advises clients on a wide range of commodities and derivatives regulatory matters. Kennyhertz Perry has experience in all types of derivative transactions and design structures to meet clients’ specific trading, financial, and/or credit needs. The roots of the practice are in the commodities markets, where Kennyhertz Perry partner Braden Perry spent time as a Senior Trial Attorney with the Commodity Futures Trading Commission. Our lawyers regularly advise our clients on compliance with the complex laws and regulations governing the securities and derivatives industries, including the Commodity Futures Modernization Act of 2000, the Commodity Exchange Act, the Gramm-Leach-Bliley Act, the Securities Acts of 1933 and 1934, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the SEC and CFTC regulations, the rules of the various derivatives exchanges and clearinghouses and other industry self-regulatory organizations and the “Blue Sky” state securities laws. Keeping abreast of regulatory developments is imperative and enables our lawyers to guide clients on comment-making about proposed legislation and regulation, provide ongoing operational and compliance counseling, and offer advice on appropriate modifications of transaction structure and documentation.
Clients also benefit from Kennyhertz Perry’s experience in related areas of law, such as litigation, banking, securities, insurance, and its regular practice before the Commodity Futures Trading Commission. Leaders in the financial industry choose Kennyhertz Perry because the firm’s lawyers tailor their advice to the unique issues presented by each matter they handle.
To learn more about Kennyhertz Perry, LLC, please visit kennyhertzperry.com.
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