Crypto Lawyer | Partner @dltlaw_ | 🎙️Podcast Host @byndthecode | Helping clients #BuildResponsibly on the blockchain!
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Crypto and AI are two of my favorite emerging technologies.
So getting to combine them on one stage is gna be fun.
Excited to be speaking at the Agentic Finance Summit by @moreandmorebd during @token2049 week in Singapore next month.
📍 Suntec Singapore | October 8
If you're building at the intersection of AI and finance, or just curious where this is all heading, come say hi.
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Explore the summit: mnm.live/agentic-finance
Apply to attend: luma.com/8oxs8lco
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Yitzy Hammer retweeted
Thousands of tokens were issued before Reg Crypto was proposed.
The proposal allows projects to certify that the investment contract tied to their token has ceased to exist. How might that apply to pre-existing projects?
I asked @HesterPeirce:
"So one thing I would say, I would point to, is look at the [March] interpretive release and see where you fit within that, right? I think that was intended to provide some more clarity around how we're thinking about classifying different types of tokens.
"And then the second piece is, please do respond with comments to the proposal. If there's something that we can do, instead of a Form TR, do we need some sort of Form SR, a status report, that folks who haven't gone through the whole laying out promises, fulfilling them process under this regulatory framework could get some comfort on where they stand? Not only for them, but also for people who hold the asset and people who are interacting with the asset, transacting with the asset. That's something that we can consider, and so happy to hear from folks on that."
What is Reg Crypto?
Can projects use it to legally sell tokens to the American public? (Yes, soon)
This @LawofCodeFM episode is a deep dive into the SEC's proposal, covering the startup exemption, two tiers of fundraising, tailored disclosures and the formal off-ramp, plus the history behind it all.
You'll hear from lawyers whose work was cited in the proposal, such as @NYcryptolawyer, @lex_node, @SH_Brennan, @RSSH273, w/ @propelforward & a clip from @milesjennings.
This should get you to the 99th percentile for understanding Reg Crypto, regardless of whether you're a lawyer, founder, operator or Dallas Cowboys fan.
Timestamps:
0:00 Intro
4:17 How we got here
6:53 Solving two problems
10:21 Reg A, Reg CF and Reg D
12:10 Five subparts of Reg Crypto
14:12 Who will use these? @lex_node
18:08 The Startup Exemption
19:35 Rule 103 disclosures
21:03 LBRY and silence @lex_node
30:14 Secondary markets and Telegram @NYcryptolawyer
34:13 The Fundraising Exemption
42:21 Why Reg A and Reg CF failed @SH_Brennan
48:14 Rule 400: Exit
50:23 Third-party problems
57:34 Incentives @RSSH273
1:02:08 Essential managerial efforts
1:12:09 The state of crypto
1:15:13 State law questions @propelforward, @SH_Brennan
1:20:37 What's next?
Thank you to the presenting sponsor of this episode, @altitude.
Nothing in this podcast is legal or investment advice.
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Yitzy Hammer retweeted
KYC is a bullshit scam that endangers millions of innocent people so that regulators can feel as if they're providing value to the world
153,000,000 American driver licenses leaked in KYC hack
This is 63% of all American driver licenses
In US driver licenses function as valid government-issues photo IDs
krebsonsecurity.com/2026/09/…
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Yitzy Hammer retweeted
This is pretty wild. 350 pages of an expert witnesses' ChatGPT conversations discovered by opposing counsel.
Good reminder that most AI conversations are not protected by privilege.
New: An "expert witness" in a $61 million lawsuit over an industrial explosion that killed three people and destroyed 200 homes used ChatGPT to write his report for the court.
He prompted ChatGPT to "show how 3M is 0% at fault for the explosion at Watson Grinding"
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Yitzy Hammer retweeted
The Country of AI
10 million people. More than 2,000 AI startups. This tiny country is obsessed with AI.
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@cjhtech is 25 and already running @trylimitless, one of the fastest-growing prediction market platforms in crypto. Taught himself everything starting at 16 in the UK's Lake District - after (his words) torrenting Microsoft Office and stumbling into Bitcoin.
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full episode 🎧
🎥 YouTube: piped.video/Z92f8lmQNnE?si=mVvf…
🎧 Spotify: open.spotify.com/episode/7u2…
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Yitzy Hammer retweeted
We are live. That sentence took two years to earn.
Nakama is building a health insurance layer owned by global communities.
$NAKAMA launched through @virtuals_io on Robinhood Chain.
Now we prove it, one community at a time.
CA: 0x2e098dC880E3c63B057E6ee83dC9Ef6945F7E370
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Excited to be working with this bunch! Can't wait to see what's under the hood!
STARTUPS FINALISTS 🎉
After the demo day - 13 startups have been selected for the next stage of The Bridge Accelerator with @solana
Over the coming weeks, they will receive founder support in some areas and intensive preparation before pitching at our Investor Demo Day 🤝
🌎 LATAM
🇦🇷 @compass_guard
🇦🇷 @solbreach_app
🇧🇷 @us3Gecko
🇧🇴 @pollar_xyz
🌍 Europe
🇫🇷/🇮🇪 @Protocol01_
🇺🇦 @the_oxar (#2)
🇺🇦 @Covantic (#3)
🇺🇦 @solwear_
🌏 Asia
🇯🇵 @bento_guard (#1)
🇳🇵 @KronixTrade
🇹🇼 @UTXOpia21
🌍 Africa
🇪🇬 @arcadiaxsol
🇰🇪 @heirloom_app
Congratulations to all the founders, and thanks to all judges!
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STARTUPS FINALISTS 🎉
After the demo day - 13 startups have been selected for the next stage of The Bridge Accelerator with @solana
Over the coming weeks, they will receive founder support in some areas and intensive preparation before pitching at our Investor Demo Day 🤝
🌎 LATAM
🇦🇷 @compass_guard
🇦🇷 @solbreach_app
🇧🇷 @us3Gecko
🇧🇴 @pollar_xyz
🌍 Europe
🇫🇷/🇮🇪 @Protocol01_
🇺🇦 @the_oxar (#2)
🇺🇦 @Covantic (#3)
🇺🇦 @solwear_
🌏 Asia
🇯🇵 @bento_guard (#1)
🇳🇵 @KronixTrade
🇹🇼 @UTXOpia21
🌍 Africa
🇪🇬 @arcadiaxsol
🇰🇪 @heirloom_app
Congratulations to all the founders, and thanks to all judges!
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“Law enforcement has been notified.” Of what? Nobody broke in. Someone bought a sub-3% quorum for ~$4M and voted the treasury to themselves. Not a hack, a governance design that did exactly what it was built to do.
Wdyt @avi_eisen?
BonkDAO was the target of a malicious governance proposal resulting in an estimated $20M worth of BONK tokens being drained from the BonkDAO treasury.
During the investigation, BonkDAO identified the exchange wallets used to purchase BONK ahead of the proposal. BonkDAO is currently actively working with exchanges, bridges and Solana Foundation to best manage the situation.
Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible.
Community note
The proposal to drain BonkDAO's treasury passed legitimately after the proposer bought ~$4.4M in $BONK to meet the 1% quorum threshold and voted yes alone, as only 7 wallets participated out of 18,000+. x.com/lookonchain/st… x.com/chainalysis/st…
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KAST has two sets of terms.
One says you sold them your crypto and own nothing.
The other says you own it “at all times.”
Same company. Opposite answers to the only question that matters: are your funds still yours?
You may be thinking: wtf? A thread:
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7/ None of this makes KAST a villain. Plenty of cards run a version of this, and it’s disclosed. That’s the point.
In crypto, the legal structure under the app IS the product. Read it. Especially the boring custody clause.
Not your asset, not your claim. Unless it is. Read your terms.
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