Episode 47: The “Come in and Register” Fallacy

Tokens of Wisdom

On my last episode, I went through a few common ill-conceived soundbites people wield against crypto generally and calmly explained why they’re a bunch of crap.

But there was one I didn’t touch last time because I thought it was deserving of a little more spotlight. Haters sometimes claim that the crypto industry doesn’t want any regulation, and is spending oodles of cash buying off politicians to prevent the government from regulating crypto. Not true.

The crypto industry certainly spends big money on lobbying, but it’s using those dollars to beg the government to adopt sensible regulations that treat digital assets like the 21st-century creation that they are, rather than trying to shove the square peg of a digital asset into the round hole of 1930s legislation

Key Points From This Episode:

• High-level differences between traditional securities and digital assets.
• What information is relevant to a traditional securities investor?
• What information is relevant to a digital asset investor?
• What information do U.S. federal securities laws mandate be disclosed in connection with securities registrations?
• What information do U.S. federal securities laws NOT mandate be disclosed in connection with securities registrations?
• Why requiring digital asset issuances to register under existing regulatory and disclosure frameworks doesn’t work.
• Airplane analogies!

Disclaimer:

This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/

Links Mentioned in Today’s Episode:

Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/

Cole-Frieman & Mallon LLP - https://colefrieman.com/

Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg

For any questions or comments, email: [e-mail]