Crypto Companies Urged to Seek Legal Advice Before Launch​​​​​​​

Bullet Points:

• Crypto companies need to seek legal advice before launch in order to understand the risks associated with the industry.
• Lisa Rubin, a blockchain attorney with Paul Hastings, discussed legal misconceptions the industry still holds at 0xpo Crossroads in San Francisco.
• The Crypties 2022 awards gala held in December 2022 at Art Basel in Miami, with sponsors from a range of crypto projects, and Kathleen Breitman of Tezos speaking at Web Summit in Lisbon in November 2022.

Cryptocurrency companies need to understand the risks associated with the industry and seek legal advice before launching. This was the key message from Lisa Rubin, a blockchain attorney with Paul Hastings, who sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco on November 3.

Rubin discussed the legal misconceptions that still exist in the industry, focusing on the need for companies to properly assess the legal risks they face. She highlighted the importance of getting the right advice and understanding the financial, regulatory, and compliance obligations that come with launching a cryptocurrency business.

The Crypties 2022 awards gala was held in December 2022 at Art Basel in Miami, and was sponsored by a range of crypto projects, including Polygon, Filecoin Foundation, Lamina1, Async, and BeetsDAO. The evening was hosted by Josh Ostrovsky („The Fat Jewish“) and statuettes were awarded in nine categories.

Kathleen Breitman, co-founder of Tezos, spoke at Web Summit in Lisbon in November 2022. She discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

At 0xpo Summit, Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction, and Franklin Bi of AngelBlock discussed their strategies for raising capital in the bear market. They highlighted the importance of diversifying investments and understanding the risks associated with the industry, while also noting the opportunities that still exist.

Overall, the cryptocurrency industry still has a lot of legal misconceptions that need to be addressed. Companies need to take the time to properly assess the legal risks they face and seek legal advice before launching. The Crypties 2022 awards gala and Web Summit provided an opportunity for industry experts to discuss the risks and opportunities, and the importance of understanding the legal obligations associated with launching a cryptocurrency business.