Hodder Law Firm

BITBOY SAYS NOT TO TRUST ANY EXCHANGE BitBoy tells users to keep as little as possible on the exchange.

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For more information the charges against Sam Bankman-Fried by the SEC, CFTC, and SDNY.

The monumental fall from grace. The U.S. Government requested the Bahamian authorities to arrest Sam Bankman Fried (SBF) on December 12, 2022, based on a sealed indictment filed by the Southern District of New York. The arrest comes just over a month after the shocking implosion of the centralized exchange, FTX, which was trusted....

Top Five Crypto Tax Questions, Answered. With tax filing day coming up on April 18, 2023, and this year there are 87,000 new agents, the best defense is a good offense. Coindesk talked to tax experts for this article and video on answers to the top five questions related to taxes on crypto. &Taxes

Top Five Crypto Tax Questions, Answered Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more.

US State regulators investigating Genesis Global Capital. State regulators including the Alabama Securities Commission suspect Genesis may be in violation of securities laws following a report from Barron’s. ASC Director Joseph Borg said several other states are involved in the investigations.

US State Regulators Investigating Crypto Trading Firm Genesis Global Capital: Barron’s Several regulators, including the Alabama Securities Commission, are looking into whether Genesis may have violated securities laws, according to the report.

Sam Bankman-Fried [finally] Called to FTX Hearing by Texas Securities Regulator. FTX Capital Markets, LLC was registered as a dealer in Texas and a hearing is set for February 2, 2023. The regulator has questions about FTX’s yield-bearing products, which it suspects were unregistered securities. 'tMessWithTexas

Sam Bankman-Fried Called to FTX Hearing by Texas Securities Regulator The Texas State Securities Board has been investigating FTX US since October.

It's been another wild week in crypto with regulator bribery slip-ups, bankruptcy, and more SEC investor protection. Read all about it in this week's edition of the Hodder Law Weekly Crypto Newsletter!

Please click this link to have the newsletter sent to your inbox every week: https://lp.constantcontactpages.com/su/2vUUZ27/Thanks

Hodder Law Weekly Crypto Newsletter - November 30, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Wednesday, November 30 at 2:55 p.m. EST is $17,065. Headlines. BlockFried. Things are moving at lightspeed this week in the crypto world as BlockFi faces bankruptcy. The SEC is in line as the company's third largest c...

"The Securities and Exchange Commission will most likely to be the first to get paid in the lineup of creditors crypto exchange BlockFi owes money to, Sasha Hodder, founder of Hodder Law, a firm that specializes in crypto law, said Tuesday.

Hodder told CoinDesk TV’s “First Mover” the regulator is “in line, in front of retail creditors.”

“The customers are really at the bottom of the list here,” Hodder said, saying it is far-fetched that they will get their money back."

BlockFi Most Likely to Pay SEC First, Crypto Lawyer Says Sasha Hodder said retail customers probably won't get their money back from the bankrupt crypto lender.

Things are moving at lightspeed this week in the crypto world as another CeFi (Centralized Finance) organization faces bankruptcy. The SEC was a major contributor to BlockFi’s downfall as SEC enforcement actions led BlockFi towards engagement with the FTX platform, effectively marching them to their death.

BlockFried Bankrupt The key to getting rich in a bear market is becoming a bankruptcy attorney. - Tiffany Fong Background. BlockFi filed for Ch 11 Bankruptcy in NJ on Cyber Monday, after halting withdrawals on November 10. BlockFi was in the business of offering high yields on various crypto products, it offered 6% on....

When it comes to the enforcement of non-compete clauses, the rules can vary depending on the jurisdiction. Every state has some differences regarding the enforceability of non-competes. Some states lean more towards the employee, while others less so.

Are you an engineer or programmer that has a non-compete clause in your employment contract? We can help you stay within the bounds of the contract.

To learn more check out my blog post on this topic: https://lnkd.in/ek8uzTwa

Non-Compete and Employee Invention By Bill Wise Many employees dream of quitting their job and striking out on their own. Engineers and programmers might have a unique invention they want to devote their time to, and service business employees may want to start their own business in the same industry. But before you hand in your resi...

FINRA Audits—FINRA is conducting a targeted exam of firm practices regarding retail communications concerning Crypto Assets. The Relevant Period for each request is July 1, 2022, through September 30, 2022. View FINRA website for more details.
https://www.finra.org/rules-guidance/guidance/targeted-examination-letters/crypto-asset-communications?fbclid=IwAR3KUwCv0MlCD86SpT8gZWwE70sDwgVZxtpwOwtXEHmhVe1RZyxlNEPjJ10

Crypto Asset Communications | FINRA.org FINRA is conducting a targeted exam of firm practices regarding retail communications concerning Crypto Asset products and services.

Read up on the latest happenings in the world of crypto in the November 22nd edition of the Hodder Law weekly newsletter.
To subscribe to the Hodder Law Newsletter click this link: https://lp.constantcontactpages.com/su/2vUUZ27/Thanks

Hodder Law Weekly Crypto Newsletter - November 22, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Tuesday, November 22 at 5:35 a.m. EST is $15,711. Headlines. World’s largest crypto fund swept into FTX storm. Grayscale Bitcoin Trust (GBTC) is trading at a 40% discount to its underlying assets. Grayscale and Gene...

Talking with BitBoy Crypto about the FTX Collapse, the regulatory ramifications, twitter, Kanye West, and more.

BITBOY EXPOSES SAM BANKMAN FRIED AND FTX (SHOCKING)

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 company income. The investment company designation can potentially be assigned to companies that do not consider themselves to be investment companies. Due to the burdensome restrictions and reporting requirements that the ICA imposes, companies will want to avoid being classified as an investment company whenever possible.

Click the link to read the rest of the blog:

Why You Need to Understand the Investment Company Act 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 as...

LBRY ENFORCEMENT ACTION EXPLAINED. While LBRY’s court case loss against the SEC is an unfortunate event for the cryptocurrency industry, it is critical that we understand the new positions the Judge took regarding the 3rd prong of the Howey Test: “Expectation of profit derived from the efforts of others”. More on the blog here: https://www.hodder.law/post/impact-of-sec-v-lbry-inc-on-the-howey-test-and-the-broader-crypto-industry

Impact of SEC v. LBRY, Inc. on the Howey Test and the broader Crypto Industry By Bill Wise While LBRY’s court case loss against the SEC is an unfortunate event for the cryptocurrency industry, it is critical that we understand the new positions the Judge took regarding the 3rd prong of the Howey Test: “Expectation of profit derived from the efforts of others”. The brief...

Read up on the wild week we've had in crypto in the November 16th edition of the Hodder Law weekly newsletter.

To subscribe to the Hodder Law Newsletter click this link: https://lp.constantcontactpages.com/su/2vUUZ27/Thanks

Hodder Law Weekly Crypto Newsletter - November 16, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Wednesday, November 16 at 11:00 a.m. EST is $16,420. Headlines. Treasury redesignates Tornado Cash. OFAC removed and then redesignated Tornado Cash's sanction. After receiving lawsuits from CoinCenter and Coinbase, OF...

SEC wins suit against LBRY. Turns out you can't reserve a 400-million token pre-mine and directly sell nearly 50 million tokens to investors without registering them as securities. SEC said, "those who seek the use of the money of others on the promise of profit" are selling securities. .

SEC wins suit against LBRY in major blow to crypto token issuance A New Hampshire district court has ruled against decentralized publishing platform LBRY in a legal battle with the SEC.

This episode of the HODLCast was recorded on Wed, Nov 9, 2022.

The exchange has imploded, it turned out they were gambling with users' funds while lobbying for industry regulation in DC. FTX global, US, and Alameda Research all filed bankruptcy on Friday, and then got hacked late in the evening, draining all accounts to zero.

Decentralized exchanges fix this intermediary risk. People can hold their own assets, and transactions are fully transparent and operate on code. Anyone in DC who actually cares about protecting people should promote self-custody. Sadly, this type of situation gives the takeaway that crypto is the wild west and needs policing. However, perhaps this situation can be an example of the industry settling its own issues. FTX’s insolvency was exposed by the market and maybe it will be solved by the market.

More on my blog: https://www.hodder.law/post/hodlcast-november-9-2022

THE COLLAPSE OF FTX - November 9, 2022 It’s been a crazy few weeks in the crypto news! So far this week: LBRY token was declared a security; CoinDesk reported on FTX’s balance sheet CZ announced he was dumping FTX, causing a massive run on FTT FTX pauses withdrawals SBF thanks CZ for considering the takeover of FTX OFAC redesignates ...

At Hodder Law, we provide entrepreneurs with sound legal advice they can trust. Don’t go it alone. Let our legal team help you navigate federal and state crypto regulations.

Visit our website to learn more about our legal services: www.Hodder.Law.

Joshua Scigala is an old friend, we discussed the dystopian future of Central Bank Digital Currencies. Josh is the founder of TheStandard.io, a decentralized stablecoin protocol that enables users to lock up crypto and or physical gold to generate multiple fiat-pegged stablecoins.

HERES HOW CBDCs WILL TAKE AWAY ALL OUR FREEDOMS! Josh and I discussed the chilling future of Central Bank Digital Currencies. Joshua Scigala is the founder of TheStandard.io & Vaultoro.com. http://TheStanda...

Read our curated crypto news for the week of Tuesday, November 8. Keep up on all the latest happenings in the world of crypto right here every week!

To subscribe to the Hodder Law Crypto Newsletter click this link:
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Hodder Law Weekly Crypto Newsletter - November 8, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Tuesday, November 8th at 1:44 p.m. EST is $18,763. HERES HOW CBDCs WILL TAKE AWAY ALL OUR FREEDOMS! Joshua Scigala is an old friend, we discussed the dystopian future of Central Bank Digital Currencies. Josh is the fo...

Over 200 former US Regulators joining Crypto Firms. Democratic Senators Elizabeth Warren & Sheldon Whitehouse, and three Congress members, sent a letter to the SEC, CFTC, Treasury, Federal Reserve, FDIC, CFPB, and Comptroller of the Currency, asking why so many regulators are joining crypto firms. “ Answers to their questions are due Nov. 7.

Lawmakers Launch Inquiry Over Revolving Door Between Financial Regulators, Crypto Firms A group of Senate and House lawmakers wrote a letter to several financial regulatory agencies to seek information about the efforts of their institutions to stop the movement of officials between government agencies and the cryptocurrency industry.“According to the Tech Transparency Project, over ...

Read our curated crypto news for the first week of November. Keep up on all the latest happenings in the world of crypto right here every week!

To subscribe to the Hodder Law Crypto Newsletter click this link:
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Hodder Law Weekly Crypto Newsletter - November 1, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Tuesday, November 1st at 2:25 p.m. EDT is $20,435. Headlines. Binance owns part of Twitter now. The crypto exchange committed $500 million to the Musk takeover of Twitter in order to strategically integrate social med...

I'll be Speaking at the FBBS Summit in Tampa on Nov 4. The goal of the Summit is to make Florida the world leader in blockchain and financial technology. It will be a meeting of stakeholders, businesses, and political leaders from around the world. Hope to see you there! Use discount code Fbba1001 when purchasing your tickets.

https://floridablockchainsummit.com/

Fidelity hires another 100 for the Digital Assets Team. With more than $10.3 trillion in assets, Fidelity Investments has grown its crypto-focused team to over 500. Fidelity plans to offer 401(k) plan participants to direct a portion of their savings into Bitcoin, and launched two ETFs last April, tracking companies in the metaverse and broader crypto industries.

Fidelity Deepens Crypto Push With 100 More Hires for Unit - BNN Bloomberg (Bloomberg) -- Fidelity Investments is hiring an additional 100 people for its digital assets unit, stepping up an expansion that started in May and taking advantage of turmoil among crypto firms to lure talent. 

This week's HODLCast is with Bobby Lee!

Bobby Lee is the founder and CEO of Ballet, a startup that provides user-friendly physical wallets for storing cryptocurrency. His first startup was BTCChina, China's first Bitcoin exchange. He exited the business after its successful acquisition in January 2018. Mr. Lee also serves on the board of the Bitcoin foundation.

We discussed Ballet Wallet, the future of Bitcoin, and how this asset will impact the global economy.

BITCOIN FUTURE PRICE PREDICTION MIGHT SHOCK YOU! ft BOBBY LEE Bobby Lee is the founder and CEO of Ballet, a startup that provides user-friendly physical wallets for storing cryptocurrency. His first startup was BTCChina...

Read our curated crypto news for the week of October 26. Keep up on all the latest happenings in the world of crypto right here every week!

To subscribe to the Hodder Law Crypto Newsletter click this link: https://lp.constantcontactpages.com/su/2vUUZ27/Thanks

Hodder Law Weekly Crypto Newsletter - October 26, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Wednesday, October 26 at 10:35 a.m. EDT is $20,815. HODLCast In this week's episode, I spoke with the legend, Bobby Lee! Bobby is the founder and CEO of Ballet, a startup that provides user-friendly physical wallets f...

CFTC to redefine crypto. Preparing for spot crypto trading, and non-securities digital asset oversight, the CFTC is creating new categories and tighter rules for retail investors.

CFTC Commissioner to Pitch Retail Investor Definition to Get Set for Crypto Commissioner Christy Goldsmith Romero says the agency needs a new way of categorizing investors as it prepares for new digital-assets oversight.

Finally, Fair-Value Accounting for Crypto Assets. The FASB, which oversees accounting rules for public companies, previously required companies to record bitcoin at its lowest price in any given quarter. This move to fair value accounting allows companies to consider the current market value, and will likely encourage more public companies to buy and hold bitcoin.
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FASB Settles on Fair-Value Accounting for Measuring Crypto Assets The Financial Accounting Standards Board on Wednesday said companies should use fair-value accounting for measuring bitcoin and other crypto assets, moving a step closer to a standard that could clear up uncertainty over reporting how much such holdings are worth.

HODLCast with Bill Wise - Cyber Crime & Censorship

This week I had the chance to interview my law clerk, Bill Wise. We discussed the SEC's investigation of Yuga Labs, Kanye's financial censorship, and the industry at large.

Crypto Regulation in 2023 with Bill Wise Bill Wise & I discuss the evolving crypto regulatory landscape with a focus on the SEC's investigation of Yuga Labs, Kanye's censorship by JP Morgan, and Cha...

Read our curated crypto news for October 20. Keep up on all the latest happenings in the world of crypto right here every week!

To subscribe to the Hodder Law Crypto Newsletter click this link:
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Hodder Law Weekly Crypto Newsletter - October 20, 2022 Hello everyone, I hope you are all having a great week! The price of Bitcoin as of Thursday, October 20 at 10:00 EDT is $19,178. HODLCast with Bill Wise - Cyber Crime & Censorship This week I had the chance to interview my law clerk, Bill Wise. We discussed the SEC's investigation of Yuga....