US Crypto Lawyer David Silver On Why He's To Thank For Industry's Increased Gov't Scrutiny

David C. Silver, a founding Partner of Silver Miller, spoke to Cointelegraph this week about his views on crypto regulation, the law's role in the crypto sphere, and why he is not just a "Better Call Saul" kind of lawyer.

In their class action lawsuit against Nano, Silver Miller presents themselves as a "Strong advocate for aggrieved investors harmed by the misrepresentations and illegal actions of cryptocurrency exchanges and issuers," but who exactly is David Silver and what is his impetus for taking on the crypto sphere, seemingly one lawsuit at a time?

In terms of his resume, Silver is a financial securities lawyer who worked at Squire Patton Boggs from 2004 to 2010 before founding Silver Miller along with Partner Jason S. Miller.

Silver has been filing class action lawsuits in crypto ever since, while constantly keeping up with crypto news, quick to tweet his reaction to all possible crypto-related scams.

The 2014 lawsuit against Cryptsy, according to Silver, was an important case historically, as it was the first time that a crypto investor sued a crypto exchange in the US. The CEO of the now defunct Bitcoin exchange Cryptsy, Paul Vernon, was found guilty in July 2017 of stealing 11,325.

Now, years later after the win against Cryptsy, Silver has become the face of so many crypto class action lawsuits that, as he told Cointelegraph, he has moved from "D-list famous" in the crypto sphere to maybe "C, or C+ to B-."

A more recent class action lawsuit filed by Silver Miller is against the developers of altcoin Nano, alleging that they sold unregistered securities as well as negligently misrepresented the reliability of crypto exchange BitGrail - which was hacked of $150 mln in Nano in February.

No other crypto exchanges or ICO operators responded to Cointelegraph's requests for comment on the Silver Miller claims against them, except for crypto exchange Kraken.

Silver attributes both the higher price of Bitcoin along with his firm's lawsuits as the direct causes of the recent heightened government scrutiny of the crypto sphere.

"I mean, all the government actions are basically saying David Silver, Silver Miller, and their lawsuits were right, and all these people who thought they were smarter and anarchists that we're going to get away with fraud and selling money, and doing unregistered sales of securities, they were doing something wrong."