Also consider the endless creativity of regulators and plaintiffs attorneys to ultimately hold you responsible for a negligently coded contract that hurts lots of people.

The legal landscape for money Lego developers is almost certainly going to be very different in the very…

Make John Wick 5 staring J Pow and soft landing is guaranteed.

On October 18, 2023, the Honorable Charles R. Breyer of the United States District Court for the Northern District of California entered default judgment against Thor Technologies, Inc. and its CEO and co-founder David Chin for conducting a $2.6 million unregistered offering of…

It seems Matt Levine has a circa-2012 view of Bitcoin, and that honestly explains a lot of his musings on crypto generally.

“I don’t want to live in a world where someone else makes the world a better place better than we do.”

- Gavin Belson

Related: 'The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has imposed sanctions on ten Hamas members, operatives, and financial facilitators, including a Gaza-based money services business (MSB), Buy Cash Money and Money Transfer…

Glad to see Chainalysis correcting the record on crypto and terrorist financing in this blog post. The key points:

1) Terrorism financing is a very small portion of the already very small portion (0.24% of total volume in 2022) of cryptocurrency transaction volume that is…

Treasury Mulling More Time For Digital Asset Sale Rule

'Treasury is considering the requests, but in case there is no extension of the comment period, the department will accept late written comments if that consideration will not delay processing the final regulations, said…

The IRS's proposed broker rule's definitional composability is truly awe inspiring. Maybe we call it definition legos. It puts most smart contract protocols to shame with how inventive the layering of logic is. (N.B. paraphrasing follows)

The tax reporting statute at issue…

I was wrong and this is a bit nuts but good luck Mr President. God bless the USSS and military watching his back. May no one get hurt.

GM. This is notable:

'LONDON (Reuters) - Cryptocurrency issuer Tether has frozen 32 crypto wallet addresses containing a combined $873,118 it said were linked to 'terrorism and warfare' in Israel and Ukraine, the company said on Monday.'

'Tether said that it is committed to…

Something like this is how agencies will eventually be reviewing your thousands upon thousands of AI generated comments to rulemakings. Enjoy the arb while it’s available.

Don’t know that’s completely true. SDNY as well as Third, DC and Fifth circuits are pretty solid too about stuff relating to the SEC that the SEC doesn’t even seem to know.