Petal P. Walker on Whether a Coin Is a Security or a Commodity

Petal P. Walker on Whether a Coin Is a Security or a Commodity

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In a second video segment for FintechPolicy.org, Special Counsel Petal P. Walker discusses whether a coin or a token can be a security, and then a commodity, and vice versa; how it could potentially move back and forth between the Securities and Exchange Commission’s and the Commodity Futures Trading Commission’s jurisdictions. This video segment closely follows Walker’s first video for FintechPolicy.org, which discussed the case CFTC v. My Big Coin Pay, involving whether virtual currencies meet the definition of a commodity. 

FintechPolicy.org is a hub for collating and analyzing global regulatory developments in financial technology, and seeks to provide a convenient and interactive forum for understanding these technologies and the rules and regulations addressing them. Walker will be a regulator contributor to FintechPolicy.org.

Walker is a member of WilmerHale’s Securities Department based in the firm’s Washington DC office. She counsels financial market infrastructures, banks and intermediaries, as well as innovators in the digital space, in meeting compliance obligations in a complex web of regulatory requirements. She also advises companies on futures and swaps compliance and regulation. Before rejoining WilmerHale in 2017, she served as chief counsel for Commissioner Sharon Bowen at the CFTC.

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