Braden Perry, a regulatory and enforcement attorney that works in areas of novel and emerging technology with a financial focus, was featured in Finance Magnates year-end review on the regulatory inaction in cryptocurrency. “The major takeaway is the regulatory treatment is (still) unclear for cryptocurrency,” he told Finance Magnates. “It seems as if every federal
Kennyhertz Perry partner Braden Perry lead an educational and interactive training at the Nebraska Attorney General’s office focusing on legal implications of Bitcoin and other emerging issues related to block chain technology. The Office of the Attorney General, and personnel from the Nebraska Highway Patrol, Nebraska Department of Revenue criminal investigators, and Homeland Security participated in an interactive training by Perry, and representatives from Coinbase and Chainalysis, discussing criminal, fraud, and consumer protection issues with the emerging technology. The daylong event occurred in Lincoln on May 16, 2016.
Kraft Foods Group and Mondelez Global made headlines last year being charged with market manipulation by the CFTC. At the time, Braden Perry, a former CFTC Senior Trial Attorney and Kennyhertz Perry, LLC partner spoke with McGraw Hill about the meaning of this battle between a regulator and a large end user and participant in the commodities market.
Mr. Perry continues to talk about the CFTC’s new anti-manipulation standard, this time discussing cryptocurrency and the CFTC’s expansive jurisdiction, recently speaking to the Conference of Western Attorneys General (“CWAG”) involving the potential for actions involving manipulation or attempted manipulation on the Bitcoin spot market. CWAG invited Mr. Perry to their 2016 Digital Currency Symposium as a digital currency expert discussing regulatory and enforcement issues with digital currencies and the blockchain.
Kennyhertz Perry’s Braden Perry was invited to speak at the Conference of Western Attorneys General 2016 Digital Currency Symposium on February 4 and 5 in Park City at the Montage Deer Valley. CWAG will have 5 AG’s along with 9 of their senior staff representing 9 states and the District of Columbia attending the symposium. Mr. Perry will speak to this distinguished group on potential users of digital currencies, distributed ledgers and the Blockchain; and security and consumer protection issues related to digital currencies. The Digital Currency Symposium fosters relationships with responsible industry players, law enforcement officials and regulators with the goal of facilitating the sharing of information which will assist policy makers in the construction of regulatory and legislative interpretations beneficial to all involved.
In a recent Motherboard Vice News article, Kennyhertz Perry’s Braden Perry discussed the latest in the Ross Ulbricht trial and verdict. Ulbricht was on trial for federal law violations related to actions and control over Silk Road, an online black market shuttered in October 2013. Ulbricht has requested a new trial and, according to Perry, was not unexpected
Last week, FinCEN issued two administrative rulings clarifying that certain Bitcoin participants do not constitute money service businesses (MSBs) under the BSA. The rulings furthered the guidance issued by FinCEN last March, which excluded from the definition of MSB users that obtain convertible virtual currency and use such convertible virtual currency to purchase real or virtual goods or services. In the Guidance, FinCEN established Users are not MSBs because they are not engaged in money transmission services.
Braden Perry was quoted as an authority on Bitcoin in a Minyanville article. The article, titled “What Bitcoin Arbitrage Can Teach Us About the Crypto-Currency,” analyzed the Bitcoin market. In the article, Perry said he saw similarities between the early Forex trading market and Bitcoin markets. “Forex essentially started the same way, and it has become automated