Regulatory & Tax

This past week, I had the pleasure of spending time with several bankers, financial professionals, and business leaders. While everyone agreed that it's too early to make predictions about how the world of crypto, Web3, and DeFi are going to go, there was one common thread: to a banker, crypto looks like money. I'm not sure that's a good thing. Continue Reading →

It's the end of an era: New York City removed its last public payphone on Monday. The city began removing street payphones in 2015, replacing them with kiosks that offer free phone calls, Wi-Fi, and device charging. The boxy enclosures were once an iconic symbol across the city, but the rise of cellphones made the booths obsolete. Continue Reading →

I’m thrilled to announce the public beta launch of Metacademy: a free-to-use, risk-free, hands-on website that will teach you about blockchain, cryptocurrency, NFTs, smart contracts, Web3, and other associated technologies. You’ll learn about the world of Web3, decentralized finance (DeFi), the correct way to set up a crypto wallet, how to mint your own NFTs, and how to buy and sell them. Continue Reading →

In case you were worried, at a hearing on the Financial Stability Oversight Council’s Annual Report to Congress, United States Treasury Secretary Janet Yellen hinted that the stablecoin market is not big enough to present a threat to our financial stability. Continue Reading →

This is a tale of two letters addressed to Michael S. Regan, administrator of the Environmental Protection Agency. Continue Reading →

Miami is fighting to be America's crypto capital. Wyoming is doing its best to become America's most crypto-friendly economy. Portugal is at a whole other level. Continue Reading →

Meta (the company formerly known as Facebook) is thinking about creating its own virtual currency. Some reporters (and anonymous company sources) say it is unlikely to be a cryptocurrency. That seems naive. No matter how they create Zuck Bucks, if it has a value inside of the Zuckerverse, it will have a value outside of the Zuckerverse. Continue Reading →

Looking for a Bored Ape but don't have any crypto? No problem… fiat currency is gladly accepted. OpenSea, one of the biggest and most popular NFT marketplaces, will soon let you buy and sell your NFTs with credit cards, debit cards, or Apple Pay. MoonPay, a fintech infrastructure company, will provide the tech. Continue Reading →

The White House would like to get to the bottom of this whole "is cryptocurrency going to destroy the climate or not" thing. The Office of Science and Technology Policy announced it's putting together a report that assesses whether digital assets “impede or advance efforts to tackle climate change” and makes moves toward a “clean and reliable electricity grid.” Continue Reading →

According to the WSJ, the Financial Accounting Standards Board (FASB) doesn’t have plans to review accounting or disclosure for NFTs. Instead, it will conduct research on how to account for and disclose digital assets that don’t carry ownership rights, such as cryptocurrencies. Continue Reading →