In a recent Crowdfund Insider article, Thompson Coburn partner Ernest Simons explored how the growing convergence of fintech innovation, legacy financial infrastructure, and digital currencies is challenging the adequacy of decades-old regulatory frameworks. As new technologies reshape how money moves, he questioned whether existing regulations are still fit to govern modern financial use cases.
Ernest explained the answer depends on how regulators and market participants interpret the intent of the law itself: should it be read strictly through the lens of its original drafters, or treated as a living document that evolves alongside technological progress?
He said that adaptation is no longer optional, noting that every financial institution must now contend with the realities of stablecoins.
“When you add in a different technology or new rail for things to run on, but you also have your legacy ones, you have to think about it from every permutation,” Ernest said. “Whether one’s involved in pure stablecoin exchanges or currency for stablecoins, every on- and off-ramp must be considered.”
Read the full article here.
