With election day approaching in the U.S., the regulatory environment for digital assets continues to be shrouded in uncertainty. No matter the outcome, investors should brace for regulatory changes in 2025, says Beth Haddock. As the U.S. edges closer to election day, its digital asset regulatory landscape remains mired in ambiguity. Regardless of who wins, […]
At Berkshire Hathaway’s recent annual meeting, renowned investor Warren Buffett remarked on the growth potential of AI, stating, “[I]f I was interested in investing in scamming, it’s going to be the growth industry of all time.” Warren Buffett Buffett’s comment underscores the risks associated with utilizing AI that hasn’t undergone thorough safety vetting. For advisors […]
Below are the 5 takeaways from the SolarWinds case where a CISO was held personally liable for fraud… 1. Culture & a sub-certification process for government filings is important CISO at the time signed the sub-cert SolarWinds’ executives relied on. The CISO was also the “approver” and accountable for the Security Statement on the public […]
So far 2022 has been one of the busiest regulatory years we have seen! Here we leave you with three takeaways for traditional finance and blockchain compliance programs: Follow Gensler & other top regulators on Twitter Basics are important. Have an independent review of your program Understand operational risks & build resiliency. Use technology for […]
Sustainable Governance Building the governance, risk, and compliance bridge between finance and blockchain Guidance and developments overweigh enforcement this month. Please reach out with questions: understanding evolving standards is increasingly needed to navigate risks. The Enforcement Environment Token Promotion The promotion of tokens/shilling increases securities law risks. In both SEC vs. Balina and SEC vs. Kardashian, the promoters […]
Article by: Jacquelyn Melinek | TechCrunch @jacqmelinek / 1:00 PM GMT-5•September 9, 2022 As the Ethereum network transitions its system through a new upgrade called the Merge, many are wondering which startups within its ecosystem will be best positioned to thrive in a post-Merge world. Overall, it seems like the post-Merge startups that will succeed are ones that provide […]
Sustainable Governance Building the governance, risk, and compliance bridge between finance and blockchain This month we share a few articles about risk management and why it is important to consider emergent as well as current risks. We hope these thought pieces help you prepare for a busy fall and year-end. The Environment Tornado Cash Matter: […]
What is certain? Death, taxes… and, IMO, regulatory efforts against crypto projects will not slow down. Although there is more uncertainty than certainty when it comes to what it means for DeFi and other crypto projects to show good faith adherence to applicable laws, two facts certain to me are 1) taxes and anti-fraud are […]
At the heart of most web3 projects is the assumption users will be better off with decentralization than with centralized control. But what if in an effort to innovate and disperse control, projects are putting users in a more vulnerable position? Vulnerability can grow when risks are underestimated or ignored. We are seeing some of […]
1. Introduction A bear market can be a clear test of resiliency. We are seeing some blockchain projects struggling to pass that stress test. Celsius halts withdrawals; Rari goodbye & nod to predatory tactics; Babel suspends redemptions & withdrawals But we also see successful white hat hacks that raise the potential for more holistic resilience […]