4 Trends To Watch After Crypto's Big Year

Michael Nonaka was quoted by Law360 regarding cryptocurrency trends to watch in 2022 as it relates to stablecoins. According to Michael, a recent report from a task force addressing gaps in the oversight of stablecoins, “Showed that regulators are working among themselves to suss out lingering questions in the digital-asset space.” Michael stated that he thinks that in 2022, “We'll have more clarity around how cryptocurrency is to be regulated by federal financial agencies.”

According to Michael, "The [stablecoin] report was interesting in a number of the recommendations it included, but also showed the agencies are talking to each other; they do think cryptocurrency is an important area of the financial system; that it does warrant regulation in a particular way; and that it was just the start of, I think, a number of different announcements we're likely to see around how cryptocurrency fits into those frameworks."