Tag Archives: crypto

ESG, Crypto, And What Has The IRS Got To Do With It?

By | September 26, 2022

Despite their volatility and the many regulatory challenges that cryptoassets presents, they continue to be adopted by institutions and individuals alike, with some of the world’s largest organizations, ranging from Wall Street banks to U.N. institutions, allocating resources to the space. As exciting as crypto assets may be, however, no singular technology or financial instrument… Read More »

The End of the Crypto-Diversification Myth 

By | July 19, 2022

In the first half of 2022, Bitcoin lost over half its value, and the correlation with the stock market jumped to over 60%. These patterns are both remarkable and hard to explain. Why do monetary policy, the economy, or wars matter for the value of cryptocurrencies? Why do cryptocurrencies behave like tech stocks?  From an… Read More »

Decentralized Finance, Crypto Funds, and Value Creation in Tokenized Firms

By | May 31, 2022

Decentralized fundraising through Initial Coin Offerings (ICOs) for early-stage ventures is one important new business model that has only become viable through blockchain technology and smart contracts. Utility tokens, voucher-like assets providing access to a service or product that a venture promises to provide in the future, are generally considered as perfectly disintermediated peer-to-peer transactions,… Read More »

A Critical Analysis of the SEC’s Reaction to Crypto Lending 

By | May 20, 2022

For the past several years, investors around the world who are interested in owning and holding certain cryptoassets for the long term have had the opportunity to deposit their assets with various companies and protocols and earn interest. One such company is CoinLoan, based in Europe and regulated under applicable EU financial law. It offers… Read More »

The End of the War or the Commencement of Battle?  

By | May 19, 2022

Cryptocurrency Regulation in China  In September 2021, China’s central bank, its highest court and procuracy, as well as seven other national government departments and agencies jointly enacted a legally binding Notice on Further Preventing and Disposing of the Risks of Speculative Trading in Virtual Currencies (“Notice”), marking the culmination of China’s yearslong war against cryptocurrencies.… Read More »

Non-Intermediate Clearing of Crypto Derivatives on Margin is a Bad Idea

By | May 12, 2022

The following is an edited comment letter that was submitted to the Commodity Futures Trading Commission (CFTC, or Commission) on May 11th in regards to the Commission’s request for comment on FTX’s request to amend their derivatives clearing organization order to permit it to clear non-intermediated, margined products. All submitted comments can be viewed here. We are law professors… Read More »

A Trip Down Crypto’s Memory Lane

By | June 11, 2021

Last month, I published an op-ed in the Wall Street Journal that argued for a ban on cryptocurrency in order to combat the ransomware plague that is devastating our economy and businesses across the country. My premise is simple. Cryptocurrency has been around for over a decade; that is more than enough time for us to take… Read More »