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Fortune

Leo Schwartz

Crypto legal maneuvering could create a nightmare scenario for liberals

SEC Coinbase Crypto Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Gensler

(Credit: Chip Somodevilla—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

Crypto is an ever-evolving story that transcends genres—some days a dystopian sci-fi thriller, others a boardroom drama. In recent weeks, crypto has become a legal procedural, with Coinbase taking its brawl with the Securities and Exchange Commission to a Third Circuit appeals court.

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