Hilibrand Series Panel: The Current and Future State of Cryptocurrency Enforcement

Apr. 11, 2023
12:10PM - 1:30PM
SLB Room 120
Open to the Yale Community

Lunch will be available shortly after 12:00 p.m. and the Hilibrand Series Panel will start at 12:10 p.m.  The panel will end at 1:30 p.m. at the latest.

Please register using this link by Thursday, April 6, 2023. 


Cryptocurrency and its risks were squarely in the public eye in 2022, only a year after popular coins soared to market heights.  The implosion of FTX in November 2022, as well as the crash of Luna and TerraUSD earlier in May, highlighted the risks to consumers participating in cryptocurrency markets.  In February 2023, the U.S. Securities and Exchange Commission announced a $30 million settlement with the cryptocurrency exchange Kraken for failing to register as a security its “staking-as-a-service” offering and failing to provide appropriate investor disclosures. Cryptocurrency also continued to serve as a tool to facilitate crime.  In announcing the arrest of the founder and majority owner of the cryptocurrency exchange Bitzlato Ltd. in January 2023, the U.S. Department of Justice alleged that Bitzlato exchanged over $700 million in cryptocurrency through a darknet market and received more than $15 million in ransomware proceeds. 

Despite its risks and detriments, few believe that cryptocurrency will disappear.  Proponents continue to emphasize the significant role that cryptocurrency has in the development of “Web3,” a term technologists use to describe a decentralized, more inclusive, free version of the internet.  At the same time, few believe that new legislative or regulatory frameworks for cryptocurrency will be immediately forthcoming in the U.S.  Enforcement, therefore, under current legislative and regulatory regimes, will play a key role in shaping the cryptocurrency ecosystem.  Please join our distinguished panelists to discuss the state of cryptocurrency enforcement today:

Eun Young Choi, Director, National Cryptocurrency Enforcement Team, U.S. Department of Justice;

Brian Klein, Partner, Waymaker Law;

Jorge Tenreiro '06, Deputy Chief, Crypto Asset and Cyber Unit, Division of Enforcement, U.S. Securities and Exchange Commission; and

Kevin Werbach, YLS Visiting Professor of Law, Liem Sioe Liong / First Pacific Company Professor, Professor and Department Chair of Legal Studies & Business Ethics, the Wharton School at the University of Pennsylvania.

David Zornow '80, YLS Visiting Lecturer in Law, Fellow of the YLS Center for the Study of Corporate Law, and Of Counsel, White Collar Defense and Investigations, Skadden, Arps, Slate, Meagher & Flom LLP, will moderate. 

Sponsoring Organization(s)

Yale Law School Center for the Study of Corporate Law

Yale Law & Business Society

The Chae Initiative in Private Sector Leadership

The Ludwig Program in Public Sector Leadership