The Federal Reserve’s actions could lead to bigger litigation budgets and a higher degree of risk tolerance in the cryptocurrency space, said Alex More, a partner and head of litigation of Carrington, Coleman, Sloman & Blumenthal.
Federal Reserve Chairman Jerome Powell announced Wednesday that the Fed cut interest rates for the first time in four years, this time by a half percentage point, as legal experts pinpointed the impact it will have on cryptocurrency litigation.
Patrick Daugherty, a New York partner and head of Foley & Lardner’s blockchain task force who teaches digital assets at Cornell Law School, said the impact of Fed rate cuts on crypto litigation will vary depending upon the nature of the litigator’s practice.
