A Fall Symposium Co-Hosted by the NYU Journal of Legislation & Public Policy (JLPP) and the Program on Corporate Compliance & Enforcement at NYU School of Law (PCCE)
October 21, 2025
Cryptocurrency fraud is a persistent issue that harms investors and undermines digital asset markets. While federal and state regulators, including the SEC, CFTC, and state attorneys general, have relied on existing tools, such as securities laws, to combat misconduct, President Trump and Congress have turned their focus to developing dedicated rules governing digital assets. Proponents argue that the federal government is providing badly needed regulatory clarity and fostering innovation, while critics worry that altering traditional enforcement strategies will embolden fraudsters in a scam-plagued industry.
In light of this evolving situation, this event convened a panel of experts who illuminated how changes in federal oversight are impacting the digital asset sector. Panelists included Gurbir Grewal, a partner at Milbank and the former Director of the Division of Enforcement of the U.S. Securities and Exchange Commission; Shamiso Maswoswe, Chief of the Investor Protection Bureau of the Office of the New York State Attorney General; and Douglas Yatter, a partner at Latham & Watkins and former Chief Trial Attorney of the Division of Enforcement of the U.S. Commodity Futures Trading Commission. The event was moderated by Geoffrey Miller, the Stuyvesant P. Comfort Professor of Law at NYU School of Law.
The panel explored, among other things, the current administration’s cryptocurrency fraud enforcement and regulatory policies, how they differ from the prior administration’s policies, and whether state regulators are altering their cryptocurrency fraud enforcement strategies in response to the shifting regulatory landscape.
Note: Due to the federal government shutdown, panelist Laura D’Aillard (Chief, Cyber and Emerging Technologies Unit, SEC) was unable to join the event.
