Insights

On May 12, 2025, the SEC Crypto Task Force convened its third roundtable, continuing its critical exploration of the evolving digital asset regulatory landscape. This session emphasized forward-looking regulatory frameworks, compliance strategies, and the growing importance of international alignment. Crypto innovators, investment managers, fintech founders, and institutional players gained critical …

The SEC Crypto Task Force continued its critical series of roundtables on April 25, 2025, with a focus on ensuring market integrity and enhancing investor protection within the crypto asset landscape. This second roundtable built upon foundational discussions from April 11, emphasizing actionable regulatory measures and industry best practices. Crypto …

On April 11, 2025, the U.S. Securities and Exchange Commission (SEC) held its inaugural Crypto Task Force Roundtable—an event marking a significant step forward in regulatory clarity for digital assets. This session brought together leading voices from the crypto industry, traditional finance, legal experts, and regulators to explore current challenges …

On March 4, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) made a pivotal decision: it officially delisted Tornado Cash from the Specially Designated Nationals and Blocked Persons List (SDN List). This move follows the U.S. Court of Appeals for the Fifth Circuit ruling that …

In April 2025, the Depository Trust & Clearing Corporation (DTCC) announced the launch of ComposerX, a next-generation platform designed to facilitate real-time, tokenized collateral management across global financial markets. It’s a landmark moment—not only for traditional finance (TradFi) infrastructure—but also for fintechs, asset managers, and crypto-native projects exploring how tokenization …

As the U.S. inches closer to stablecoin regulation, a newly amended version of the STABLE Act has reframed the discussion around what responsible issuance looks like—and who can participate. Meanwhile, the European Union’s MiCA framework is already in effect, and the GENIUS Act continues to gain traction in the U.S …

Successfully raising capital in financing rounds often hinges on clear, structured agreements that balance founder aspirations with investor protections. While this analysis applies broadly across Series Seed, Series A, Series B, and subsequent rounds, we begin by focusing on startups aiming to raise capital through a Series Seed round using …

In startup financing, simplicity and clarity are paramount. The Post-Money SAFE (Simple Agreement for Future Equity) with a discount-only structure, popularized by Y Combinator, offers an efficient mechanism for investors to support startups. This article explores the Post-Money SAFE focusing exclusively on a discount structure, highlighting its operation, advantages, and …

Startup financing frequently employs instruments designed to streamline the investment process, and among these, the Post-Money SAFE (Simple Agreement for Future Equity), popularized by Y Combinator, has become a highly favored option. This guide explores the mechanics and strategic implications of the Post-Money SAFE featuring a valuation cap, tailored for …

Convertible notes remain one of the most prevalent forms of early-stage financing, valued for their simplicity and efficiency. However, one feature often raising questions among investors and founders alike is the “shadow series” provision. In this article, we clarify the shadow series provision, why it is included in convertible notes, …

If you’re a founder receiving restricted stock in your startup, you’ve likely encountered a request for your spouse’s signature—on the Restricted Stock Purchase Agreement (RSPA) and again on your 83(b) tax election. Even if your spouse has no involvement in the company, and even if you don’t live in a …