Gary DeWaal, Financial Markets and Regulation chair, spoke with Bloomberg regarding a crypto firm's efforts to stymie a Securities and Exchange Commission's subpoena of its chief executive officer (CEO) by filing a lawsuit claiming the subpoena was improper. Gary stated, "It's a clever effort to try to quash this subpoena, but I'm not aware of a case like this being successful." While noting that the courts are generally sympathetic to SEC subpoenas, Gary indicated that if the crypto firm's effort were successful, the SEC would have to work with the foreign governments where the company and CEO are located in order to obtain that information. ("Crypto Firm Terraform Reveals SEC Subpoena — as It Sues SEC," October 25, 2021)