CFDB Partner Michael Frisch Contributes Chapter to Book on Legal Matters in Web 3, Published by the University of Chicago Law School

Croke Fairchild Duarte & Beres LLC (CFDB) Partner Michael Frisch, along with Kathryn Trkla of Folely & Lardner, authored a chapter included in Legal Matters in Web 3: A Desk Reference, a new book published by the University of Chicago Law School.

Mike’s chapter “Commodities Regulation” covers the intersection of digital assets with the U.S. Commodity Exchange Act and regulations. Providing an overview of the Commodity Futures Trading Commission’s (CFTC) treatment of digital assets, and its regulatory and enforcement authority in this area, the chapter also discusses aspects of the CFTC’s authority concerning DeFi and other emerging technologies.

Mike and his CFDB colleagues have significant experience helping clients navigate government regulation, and structure deals and investments, in the cryptocurrency, digital assets, Web3, and DeFi space. Mike’s experience with cryptocurrency began at the Commodity Futures Trading Commission (CFTC), where he brought one of the CFTC’s first enforcement actions involving cryptocurrency — CFTC v. Bitfinex — and was part of the team responsible for the CFTC’s action against Tether in 2021. While at the CFTC, Mike was part of the litigation team in CFTC v. Monex, a landmark case concerning the applicability of Section 2(c)(2)(D) of the CEA, and contributed to the CFTC’s Final Interpretive Guidance on Actual Delivery for Digital Assets.

Mike draws on this substantial experience to counsel clients on regulatory compliance, investigations, and enforcement matters involving digital assets. He also advises them on investments and corporate and organizational structuring, governance, and best practices.