Joseph Cutler was quoted in “Crypto Lawsuit Explosion Has Big Law Scrambling to Keep Up,” an article in Bloomberg Law, regarding the surge of cryptocurrency litigation.

Perkins Coie has so much activity on the crypto front that it holds weekly team calls, typically including 50 to 70 firm attorneys, said Joe Cutler, firmwide co-chair of the firm’s fintech industry group. “We have content coming out of our ears,” Joseph said.

Despite the recent downturn in crypto value, firms said they’re optimistic about the future of their practices, with new venture capital and private equity investments padding crypto companies.

“Money is still pouring into crypto,” Joseph said. Despite last week’s drops, “I’ve yet to get a panic call,” Joseph said.

He termed crypto value declines as corrections that need to be put in perspective. “When people focus on days, weeks, or months, and not years, it’s easy for them to conclude it’s wildly volatile,” Joseph said. “But it’s not true.”