“It may be awhile before Kathleen Moriarty lets clients pay her in bitcoin, but the Katten Muchin Rosenman partner is doing her part to help legitimize the digital currency derided as speculative and risky by some prominent economists. In July, Moriarty filed with the Securities and Exchange Commission what appears to be the first-ever proposal to create a bitcoin-based, exchange-traded fund on behalf of two high-profile clients: Cameron and Tyler Winklevoss, the twin brothers famous for battling Mark Zuckerberg over Facebook’s origins. The twins turned to Moriarty because of her extensive experience with ETFs.”

http://www.americanlawyer.com/PubArticleALD.jsp?id=1202614423813

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