Jake Chervinsky serves as general counsel at Compound Labs and an adjunct professor at Georgetown University Law Center. He became interested in crypto back in 2017, believing that the technology could fix many persistent problems in the world. He has become a voice on crypto regulatory issues involving U.S. securities laws, such as the SEC vs. Kik case, Ripple, stablecoins, no-action letters, Blockstack and more.
Jake Chervinsky’s 2019:
Throughout 2019, Chervinksy commentated on various crypto industry legal cases, such as the class-action lawsuit against Ripple, the SEC penalizing Block.one, and the ongoing Craig Wright vs. Kleiman case.
In the aftermath of BitMEX exchange’s massive email leak, Chervinsky questioned whether or not the benefits of Know Your Customer processes warrant the inherent risk of aggregating users’ personally identifiable information into one centralized, trusted third party. In a 2019 retrospective, Chervinky revealed that he was surprised at the persistent regulatory uncertainty in the crypto industry and the low number of enforcement actions by the SEC.
What Worldnewstalk expects for 2020:
As the general counsel for decentralized finance venture Compound, Chervinsky is now tasked with advising crypto companies navigating their way though high-growth but potentially risky waters. We anticipate Compound will be the focus of his efforts and that he will continue providing insightful commentary on the state of crypto law.