Tag Archives: Crypto

The Terra and LUNA Coin Collapses Present an Opportunity to Clarify Stablecoin Regulation

Mitchell Koch – In November 2021, the SEC brought legal action against Terraform Labs (“Terraform”) and its CEO, Do Kwon, requiring their compliance with investigative subpoenas. Founded in 2018, Terraform creates cryptocurrencies for use in blockchain-based financial infrastructures. As of September 2022, Do Kwon and Terraform remain under investigation for selling unregistered securities in the […]

NFTs and fNFTs – Priceless Collectables, Digital Trinkets, or Regulatable Securities?

Sabrina Ortega – Non-fungible tokens, or NFTs, have been a major topic of conversation in the business sphere since their inception in the late 2000s. While debate rages over the financial and aesthetic value of NFTs, proponents, and skeptics can both agree that NFTs have gone from niche to mainstream over the last two years. […]

Are Cryptocurrencies Currency? Why The Answer Matters For Corporate Tax Purposes

Lauren Assayag – This July, Tesla announced it will likely accept Bitcoin as payment again. If you purchase a Tesla using a cryptocurrency, like Bitcoin, would Tesla recognize the receipt of an asset and record ordinary business income?  How would you account for your purchase of the Tesla in exchange for Bitcoin?  Would different tax and […]

Golden Ticket: How NFTs Can Help Artists Profit From Ticket Resales

Nicolas Torres – N.F.T. Three letters that, until this Spring, would have been met with confused silence in all but the most tech-savvy circles. Over the last four months, a surge in investor interest has brought non-fungible tokens (NFTs) into the limelight. NFTs entitle the holder of a token to ownership of a digital asset […]