RATE Group | Buyer’s Remorse? Cryptocurrency Lawsuits Have Tripled Since 2017
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Buyer’s Remorse? Cryptocurrency Lawsuits Have Tripled Since 2017

16 Sep Buyer’s Remorse? Cryptocurrency Lawsuits Have Tripled Since 2017

Posted at 23:25h in Cryptocurrency News by

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bitcoin law

Cryptocurrency lawsuits increased threefold in the first two quarters of 2018 compared to the whole of last year.

This is according to a report prepared by Lex Machina, a legal analytics firm. Last year, the number of cases mentioning bitcoin, cryptocurrency or blockchain amounted to just 15 ,but in the first and the second quarters of this year, the figure has risen to 45. If the current trend continues, this means that the increase will likely be more than sixfold by the end of the year.

New Sheriff in Town

sec chairman jay clayton cryptocurrency
SEC Chairman Jay Clayton | Source: YouTube

Of all the cases that have been filed so far in 2018, the U.S. Securities and Exchange Commission was responsible for around a third, according to the National Law Journal. This coincided with the current chairman of the SEC, Jay Clayton, announcing a crackdown on the sector. Clayton was nominated to the position in January last year though he was formally inducted five months later.

The surge in the number of cases seems to have…

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