Burwick Law Files Comment Letter on SEC Crypto Asset Rulemaking — File No. S7-2026-09
Burwick Law has filed a public comment letter with the U.S. Securities and Exchange Commission on File No. S7-2026-09, the Commission's interpretive release on the application of federal securities laws to crypto assets.
Burwick Law has filed a public comment letter with the U.S. Securities and Exchange Commission on File No. S7-2026-09, the Commission's interpretive release on the application of federal securities laws to crypto assets.
The comment, submitted by founding partner Max Burwick on April 15, 2026, argues that classifying crypto assets is necessary but not sufficient for fair and orderly markets. The letter identifies three structural problems that, in the firm's view, undermine price discovery in crypto markets regardless of how a token is classified: synthetic market activity created through pseudonymous wash trading, discretionary liquidity that can be withdrawn by insiders, and anonymity at critical control points that prevents accountability. The comment urges the Commission to treat KYC and identity verification as core market-integrity safeguards, not merely anti-money-laundering tools, and to recognize that doctrinal clarity about asset classification cannot, on its own, restore the basic conditions required for meaningful price discovery.
Read the full comment letter: Burwick Law Comment Letter on SEC File No. S7-2026-09 — U.S. Securities and Exchange Commission