Lionel Zhao is the Hong Kong-based general counsel of HOPE, an ecosystem for the $HOPE stablecoin. Lionel was previously a lawyer with the global law firm Baker McKenzie, where he represented global funds and consortiums in equity financing. He has also worked as an in-house counsel for China Renaissance, served as an external advisor to the Beijing Fund Industry Association, and was named to Legalband’s “30 under 30" lawyers list in 2019.
Securities or not, crypto in the US needs new regulations and clearer guidance
CFTC and SEC disagree over whether cryptocurrencies are securities, and two big lawsuits clouding the industry’s future invoke laws that long predate the digital era.