Litigation Partner Siddartha Rao Featured on Fox News Discussing Cryptocurrency Litigation

With significant regulatory shifts anticipated in the cryptocurrency space, courts must grapple with issues arising out of platforms fueling speculative trading.

HNRK partner Siddartha Rao, was featured on Fox News in a segment titled: Cash for Chaos? Concerns Over Certain Digital Financial Services. The segment examined Pump.Fun, an app drawing young investors into alleged “pump and dump” cryptocurrency schemes.

Siddartha explained that these cases highlight gaps in legal doctrine and raise novel legal questions for both investors and exchanges. He noted that litigation in this case may hinge on complex issues of liability, investor protections, and court determination of the responsibilities of platforms operating in relatively unregulated markets.

As crypto platforms like Pump.Fun continue to attract scrutiny, Siddartha emphasized that successful claims could have ripple effects across the industry, potentially shaping how cryptocurrencies are marketed and what protections may emerge for retail and novice investors.

Watch Siddartha’s full Fox News appearance here