Corp lawyer + wannabe dev. Into no-code, web3, scalable legal. Also I enjoy football.

Columbus, OH
Joined January 2020
Cattle is different than grain. NFTs are different than Stablecoins. CFTC jurisdiction over digital assets just makes sense - they are practiced in dealing with a diversity of commodities. Agriculture (crops & meat), energy, metals - as different as CBDCs & governance tokens.
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Replying to @mwseibel
Massive unconquered opportunity! Right solution will bridge sophisticated content (i.e., standard forms/language as a starting point) with software (thinking of a structured environment where parties can draft, customize, and negotiate).
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"The Agenda continues to shun issues at the core of our mission in favor of shiny objects outside our jurisdiction." A scathing but thoughtful & appropriate statement from @HesterPeirce. The emperor isn't wearing any clothes! sec.gov/news/statement/peirc…
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BIG NEWS: The Southern District of New York held that an NFT CAN INFRINGE on the trademark of a commercial good. See Hermes v. Rothschild, No. 22-cv-384 (S.D.N.Y. May 18, 2022), Dkt. 50.
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scream, my friend. believe me, my face is chapped and voice hoarse. Glad to the see voices growing in number and volume.
I'm in the mood to scream into the wind some more: SAFEs are equity rounds will full ratchet anti-dilution. No startup lawyer would let you accept these equity terms, yet we do it with SAFEs all day long, because it doesn't matter when the next round is up... until now.
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Kate Ball retweeted
I am begging you to do things manually before you automate them
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Algo stablecoins!! Also, crypto twitter is wise.
Replying to @jchervinsky
I don't know who needs to hear this but it's generally a bad idea to put people in charge of regulating things they don't understand 1/100th as well as twitter anons
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Kate Ball retweeted
Invest in underrepresented founders.
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By default, DAOs are partnerships: K-1s to members, & everyone (incl foreigners) may owe US taxes currently, even if no distros. If > 100 members, possibly corporate tax instead. Both are unadministrable. Pricey tax lawyers concoct other structures. We need a better way.
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By popular demand, our freshly updated Cryptocurrency Litigation Tracker -- SEC, CFTC, DOJ, private litigation, major pronouncements! Stay on top of it all... morrisoncohen.com/news-page?…
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they should double the size of their trading/markets and corpfin teams to figure out how to regulate crypto coherently, instead of square-peg-round-hole enforcement & saying "tell us why you can't comply"
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I gave a quick demo of @lex_DAO's KaliDAO app to a group of devs and lawyers today; they were absolutely blown away. Create a borderless company with full legal compliance in literally seconds. This *is* the future of work. No question.
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Kate Ball retweeted
Okay, we're doing this crypto lawyers. 🚀 Months of back end work, hundreds of hours, and beating my head against the incessant pace of reg (and rug) news this spring — it's time to share the crypto legal treatise, the cod3x. Many updates to come. thecod3x.com/launch/
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The SEC could solve so many problems if it made the following simple deal with the crypto industry: You can issue a token, on two conditions: (1) a 5-page disclosure on your team, your plan, and your tokenomics; and (2) subject your smart contracts to real security auditing.
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There's a lot of common sense in this. I am hopeful! Realistically there may always be an info gap btwn retail & institutional investors - look at #TradFi - but one of many advantages of #DeFi is its governance transparency.
At first glance, this seems a fairly reasonable DeFi regulatory proposal from the IMF: -->focus on centralized exchanges/hosted wallets -->foster emergence of SROs for relevant industry participants cryptonews.com/news/imfs-def…
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Should protocols or projects protect their trademarks in crypto or let the members of their communities use them however they’d like? Full episode: buff.ly/3KtmEvI
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Securities law at work in the US 🤦🏽‍♀️….But you non-accredited investors can go to the casino instead. That’s safer. “New transfers made by non-accredited investors in the United States will be held in their new Custody accounts and will not earn rewards”
Important Celsius Update for our Users in the United States medium.com/p/6df471420cc7
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Interesting State of #Crypto report by @Gemini - gemini.com/state-of-crypto - Love to see more women embracing crypto, & NOT surprised to see the many crypto curious. Query whether regulatory concerns or a general lack of understanding is the biggest barrier to entry rn.
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GM to on-chain legal documents xitter.cf/HoumanShadab/status/15…
In honor of #LegalWeek22, I wrote an explainer of why all legal and business documents should be stored on the path-breaking #InternetComputer blockchain. icme.io/security-benefits-of… You can get started now using @icme_app. DMs are open if you want to meet or chat further. 🙂
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We want the DEF's letter in response to this rule-making to be as broadly representative of the DeFi ecosystem as possible. Here's the *draft*: docs.google.com/document/d/1… Review it! Comment on it! Tell us where we went wrong and what we're missing! 🧵 with sections...
1/ The SEC’s proposal to expand the definition of “exchange” is so broad and ambiguous that it may (or may not!) implicate DeFi. If you’re a DeFi user, write to the SEC asking for clarification! protectdefi.org 🧵with the state of play…
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