As digital assets continue to shape modern finance, not all cryptocurrencies are created equal, and the distinction between cryptocurrencies and tokens carries significant legal implications. For founders, developers, and compliance professionals alike, how your asset is classified can determine whether you need licenses, trigger regulatory scrutiny, or face enforcement risk. What Is a Cryptocurrency? A…
Cryptocurrency is no longer a fringe movement—it’s a full-blown technological revolution. If you’re an entrepreneur in the bitcoin and money transmission space, you’re likely balancing big ideas with real-world logistics. Legal documentation and regulatory compliance are among the most critical — and often overlooked — of those logistics. Forming a crypto company in the U.S….
Hodder Law’s Best Practices for Bitcoin Estate Planning and Security Bitcoin has presented many holders with a unique opportunity for financial sovereignty. However, unlike traditional banking systems, there is no customer service hotline to recover lost funds. That’s why having an estate plan and security for your Bitcoin is crucial. In this quick and easy…
A cautionary tale about social engineering hackers with a real-world example One of my favorite bitcoin podcasters has been turning the tables on social engineering hackers by interviewing them during their futile attempts to steal his Bitcoin. As a lawyer in the Bitcoin field, I’ve become all too familiar with social engineering and cryptocurrency scams. Most…
Every Money Service Business needs to perform an Independent Review, and most crypto banks ask for this document annually. What is an Independent Review? Required Documents for the Independent Review Clients of Hodder Law must provide the following documents to get started on the Review: Please let us know if we can help with your…
August 5, 2022 Hodder Law Firm’s Comments on California’s Crypto Asset Regulations SENT VIA EMAIL: Department of Financial Protection and Innovation, Legal Division Attn: Araceli Dyson, Regulations Coordinator* 2101 Arena Boulevard Sacramento, CA 95834 regulations@dfpi.ca.gov Re: Invitation for Comments – Crypto Asset Related Financial Products and Services Dear Araceli Dyson, Hodder Law Firm, P.A. appreciates…
Biden Report. The Whitehouse released a report on the climate and energy implications of crypto assets that suggested the Biden administration will seek to limit proof of work mining. The report said, “The Administration should consider working with Congress to enable DOE to promulgate and regularly update energy conservation standards for crypto-asset mining equipment, blockchains,…
Coinbase filed a complaint against OFAC due to the Tornado Cash Sanctions. Coinbase Challenges OFAC’s Tornado Cash Sanctions Background: The Tornado Cash Sanction(Place before the paragraph that Background: Tornado Cash, including the purported entity, the website tornado.cash, 37 smart contracts, and an address that was used to accept donations to develop the project were added…
BSA/AML Training for Q4, 2022 Prepared by Katrina Yen and Bill Wise Cryptocurrency & Cybercrime: A 2022 Analysis Cryptocurrency has seen a dramatic increase in users over the past few years. With this growth, the importance of AML compliance and adhering to regulations has never been greater. Today, people all over the world have been…
By Bill Wise The Investment Company Act of 1940 (ICA) is an act of congress that protects investors by establishing rules and regulations that govern the investment company industry. An investment company generally holds large amounts of securities in other companies, and the appreciation of such assets may even make up a large amount of…