Earlier this month, Gibraltar-based INX Limited officially became the first fintech company to publicly offer blockchain assets registered under the Securities Act. INX’s lead U.S. counsel, Mark Selinger of McDermott Will & Emery in New York, does not advertise himself as a cryptocurrency expert, but found himself on the frontier of the industry. His job was to apply 75 years of regulations to a brand-new token and blockchain platform. After three years of back-and-forth with the U.S. Securities and Exchange Commission, Selinger says the final product could advance the practice of regulating digital assets. The Recorder sat down and talked to Selinger.
Answers have been edited for length and clarity.
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