Tag: Crypto
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The Great Awakening: FTX Stole Customer Money
Testimony of Mr. John J. Ray III CEO, FTX Debtors December 13, 2022 House Financial Services Committee Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today. I truly appreciate – and am very grateful for – your interest in this matter, and I hope…
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Beware of the Cannabis Bubble: Lessons Learned from the Crypto Bubble
Michael James wrote a great article today on the dangers of the current cannabis bubble, and lessons that can be learned from the crypto bubble. Some quick highlights are: Capital Building: Disclose, disclose, disclose all risks, and use a lawyer to make sure that you follow the rules State Regulations: Follow the rules and actively…
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CALIFORNIA, BLOCKCHAIN AND CANNABIS
The California Legislature passed a bill that would establish a working group to focus on the benefits, risks and costs of using blockchain technologies by state, local and California-based businesses. The working group would focus on the possible use cases, privacy risks, legal implications and best practices for implementation. The working group will issue a…