For most of the cryptocurrency industry’s history, lawyers occupied a familiar role: identify risks, interpret regulations and tell companies what they couldn’t do.

But Mike Katz, partner in Manatt’s Financial Services Group, told PYMNTS CEO Karen Webster and Ryan Rugg, global head of Digital Assets TTS, Citi, that he believes that era is ending.

“Operators, business folks, they want a decision. They want a recommendation. They want to understand what they need to do,” Katz said during the latest episode of “From the Block.” “You need to have a perspective. You need to have a point of view.”

Having spent years on both sides of the table, as a chief legal officer inside a crypto-focused venture capital firm and as a…