TAKEAWAYS
The session focused on the wild ride that was crypto and FinTech in 2022. We were joined by guest speakers Andria van der Merwe, executive vice president at Compass Lexecon, and Katherine Kirkpatrick, general counsel at Maple Finance, as well as McDermott Partners Andrea Kramer and Alexandra Scheibe and Associates Daley Epstein and Rachel Rosen, all of whom offered their insights and analysis of the major crypto events that occurred this past year.
From “crypto winter” to the news surrounding FTX, recent events have left many in the community wondering what lies ahead for the crypto industry. The group resoundingly agreed that the challenges that arose this year are all part of the industry’s broader maturation. After all, previous dramatic downturns in crypto have been followed by explosive growth and innovation. If 2022 has taught us anything, it’s that carefully crafted regulation is needed for this growing but still nascent industry.
Notable topics discussed during the session included: tax considerations when reporting crypto losses, lessons learned from recent crypto platform bankruptcy filings, the future of DeFi, and litigation and regulatory updates and forecasting. We look forward to meeting again in 2023!
