Powers On … Broker disintermediation and unregulated crypto exchanges are a major concern

Turn on… is a monthly opinion column written by Marc Powers who, after serving with the SEC, spent much of his 40-year legal career handling complex securities cases in the United States. Today he is an adjunct professor at Florida International University College of Law, where he teaches the course “Blockchain, Crypto and Regulatory Considerations”.

Increasingly, governments fear losing control of aspects of their respective legitimate financial systems, including capital raising and trading, to the hundreds of unlicensed, unregulated centralized and decentralized crypto exchanges around the world.

Marc Powers is currently Associate Professor at Florida International University College of Law, teaching “Blockchain, Crypto and Regulatory Considerations” and “Fintech Law”. He recently retired from Am Law 100 law firm, where he built both the national practice team for securities disputes and regulatory enforcement and the hedge fund industry. Marc began his legal career in the SEC’s Enforcement Division. During his 40 years as a lawyer, he has been involved in representations including the Bernie Madoff Ponzi program, a recent presidential pardon, and the insider trading lawsuit against Martha Stewart.

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