Bitcoin, GameStop, robos: Update on fintech reg
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
March 15, 2021
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As fintech innovation moves at an accelerated pace after a year of pandemic-driven lockdowns, regulators are, per usual, catching up.
Regulation of these expanding areas in fintech will determine a lot about the future of wealth management and advisers, a panel of experts said during an
“Every time there’s a new technology, regulators have to come up with a new regulation on how to regulate that technology,” said Lilya Tessler, partner at Sidley Austin. “By the time the regulation gets proposed, goes through a comment period and is adopted by firms, it’s stale and the technology’s moved on to another iteration.”