Nicolas Morgan

David Slovick, partner at Kopecky Schumacher Rosenburg and former SEC and CFTC enforcement attorney, and Professor Phil Lieberman of Vanderbilt Law School dig into one of the most overlooked—but impactful—problems in securities enforcement: the arbitrariness of civil penalties.

But we are deeply concerned about what it means for cases where the SEC has gone even further—seeking the same punishment in cases with no fraud at all. This is why ICAN is fighting to bring forward the cases—and the people—that show how damaging this practice has become.

Peterson argues that crypto regulation doesn’t need to be lighter—it needs to be smarter. With trillions in market value at stake, growing institutional buy-in, and consumer usage climbing, the U.S. faces a choice: evolve its regulatory frameworks or risk ceding leadership in a defining 21st-century financial frontier.