Bitcoin Regulation and the Latest Government Shutdown

Bloomberg recently reported that federal regulators who regulate Bitcoin futures trading (U.S. Commodity Futures Trading Commission) said it would keep tabs on Bitcoin futures trading and other markets during a government shutdown, even though it would be forced to halt many other normal activities.   What is noteworthy to us is that the regulators felt like they needed to keep monitoring this market during the shutdown (albeit through a skeleton crew); likely for fear that such a volatile market could evolve into chaos as a result of an unanticipated hiccup resulting from a government shutdown.    Malcolm Gladwell notes in his writings that catastrophes in inherently dangerous situations are often the result of a series of small mistakes.   We think Bitcoin currently falls within the inherently dangerous category (in financial terms) due to its volatility – looks like the price moved about 10% today alone – and it may not be able to withstand too many unexpected hiccups from outside events so early in its evolution.

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Vernon Litigation Group is a financial litigation law firm with offices in Naples, Florida, and Atlanta, Georgia that represents clients in courtroom litigation, arbitration, including FINRA arbitration, negotiation, and mediation throughout the United States. Our lawyers have collectively represented hundreds of clients in financial disputes in arbitration and litigation nationwide and recovered hundreds of millions of dollars from purported financial professionals and financial institutions, both large and small. Please contact us to discuss your rights if you believe an insurance or investment professional has failed to act in your best interests or otherwise abused your trust with respect to insurance products, such as annuities or other investment products or services. For more information, visit our website or contact Vernon Litigation Group at:

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Attorney Chris Vernon

Mr. Vernon handles the litigation and arbitration of complex business and financial disputes, with an emphasis on securities fraud and securities arbitration, throughout the United States.