About Bodin Advisory
Our Mission
Founder & CEO
Founder & CEO
Bodin Advisory LLC is a strategy consulting firm dedicated to simplifying complex global regulatory environments for clients in fintech, blockchain, crypto, and emerging area markets.
We provide expert guidance on regulatory, policy, tax, and operational challenges. With deep expertise in blockchain regulation, crypto policy and tax compliance, we help clients drive growth, manage risk, and streamline operations.
At Bodin Advisory, we turn complexity
into opportunity
Founder & CEO
Founder & CEO
Founder & CEO
Sulolit Raj Mukherjee ("Raj") is a strategic leader with 18+ years of experience in public and private sectors, including as co-author of the U.S. Treasury's Digital Asset Broker Regulations and former Head of the IRS Office of Digital Assets. He brings bold insight, real-world experience, and deep regulatory expertise to support innovators at the intersection of finance, tax, and policy.
Raj was named by Forbes magazine as
Asian American Crypto Leader to
Watch (2023) and featured by Butterscotch Media as a DeFi & Web3 Changemaker to Watch (2025).
Our Services
Our Services
Our Services
Technical Strategy: Scalable, fractional leadership in tax, compliance, and crypto/blockchain operations.
Advisory: Practical, project-based support
to strengthen compliance frameworks and identify growth opportunities.
Policy Consulting: Navigate complex global
and U.S. regulations with strategic research, policy development, and white papers.
Training: Equip your team with custom, real-
world knowledge to succeed in dynamic compliance, tax and regulatory environments
publications
Our Services
Our Services
Bespoke Whitepaper collaborations
Scholarly Articles
Keynote Speeches
Panel Appearances
Publications and Scholarly Work
Policy OP-ED: A Policy and Compliance Perspective on the J5’s February 2026 Cryptocurrency Advisory
The Joint Chiefs of Global Tax Enforcement (J5) released two law enforcement advisory reports in February 2026 that warrant close attention from policymakers, compliance professionals, and industry participants alike. The first report addresses the emerging threat posed by over-the-counter (OTC) cryptocurrency trading desks, while the second examines the expanding role of cryptocurrency payment processors as potential vectors for illicit financial activity. Together, these publications represent a significant contribution to the international discourse on digital asset regulation and financial crime prevention. That said, while these reports are laudable in their purpose and scope, they also reveal certain gaps in the current enforcement and regulatory approach. This commentary offers a policy and compliance perspective on both reports, identifying areas of strength, areas requiring further development, and specific policy resolutions that could enhance the effectiveness of international coordination in this space.
Read the Policy Op-Ed Here
Policy OP-ED: SEC’s Three Division Joint Statement on Tokenization
The Securities and Exchange Commission (SEC) staff's January 28, 2026, statement on
tokenized securities represents another substantive regulatory guidance the digital asset industry has received on this topic. The joint statement from three SEC divisions provides a clear taxonomy of tokenization models, reaffirms principles-based regulation, and signals a constructive regulatory posture. This guidance should reduce legal uncertainty and facilitate market development. At the same time, the statement reveals gaps between legal classification and operational implementation that will require additional policy work to resolve. Understanding both what the statement accomplishes and what remains unaddressed is essential for market participants and policymakers alike.
Read the Policy Op-Ed Here
Policy Brief: Navigating Liquid Staking Under Evolving Global Regulation
The Security and Exchange Commission’s (SEC’s) August 5, 2025, staff statement on liquid staking activities represents a watershed moment in U.S. cryptocurrency regulation, providing critical clarity for a sector that has grown to encompass over $45 billion in total value locked. This comprehensive policy analysis paper examines the statement’s implications, evaluates international regulatory approaches, and presents 13 specific policy recommendations to enhance the emerging regulatory framework.
Read the Policy Brief Here
Policy Brief: Strengthening U.S. Leadership in Real-World Asset (RWA) Tokenization
Tokenization of real-world assets (RWAs) is emerging as a transformative innovation in financial infrastructure, offering efficiency, transparency, and broader market access. The U.S. has an opportunity to lead in shaping the global RWA tokenization ecosystem but faces competition from proactive frameworks in the European Union (EU) and pilot initiatives by the Bank for International Settlements (BIS). This policy brief outlines the benefits, risks, and policy gaps associated with tokenization and recommends a strategic U.S. policy approach for global leadership through public-private collaboration, regulatory clarity, and international standard-setting incorporating recommendations from the recently released White House report on “Strengthening American Leadership in Digital Technology.”
Read the Policy Brief Here