Insights

Earlier this year, we discussed the implications of the GENIUS Act of 2025 and identified potential winners and losers in the evolving stablecoin regulatory landscape. If you haven’t yet read our foundational analysis, you can find it here. In this post, we provide a deeper dive into the specific provisions …

Introduction The United States has passed its first federal stablecoin law. The Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025—better known as the GENIUS Act—was signed into law in July 2025. It marks a turning point in how payment stablecoins are governed, classified, and deployed within the …

Recent developments in the case against Roman Storm and the cryptocurrency mixer Tornado Cash have brought digital asset regulation into sharp focus, particularly concerning the U.S. Department of Justice’s (DOJ) evolving enforcement approach. The Tornado Cash prosecution, notably controversial since its inception, highlights essential considerations for developers, founders, and investors …

In a major step forward for the digital asset space, the U.S. House of Representatives has introduced the Digital Asset Market Clarity Act of 2025 (H.R. 3633). As the regulatory environment around digital assets continues to evolve, this Act promises significant clarity and operational guidelines crucial for digital asset issuers, …

On March 21, 2025, the SEC Crypto Task Force launched its first in a series of roundtables dedicated to clarifying the regulatory landscape for crypto assets. This foundational session set the stage for subsequent discussions by outlining key regulatory principles, highlighting pressing industry issues, and identifying collaborative paths forward. Crypto …

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 …

Continuing our in-depth exploration of NVCA term sheets, this sixth article focuses on board composition and governance structures—critical components influencing company management and decision-making processes. If you’ve missed our previous installment on Investor Rights and Covenants, you can read it here. The Importance of Effective Board Composition Under NVCA standards, …

As we approach the conclusion of our series on navigating NVCA term sheets, this eighth article addresses critical final components: confidentiality agreements and no-shop clauses. These elements safeguard sensitive information and ensure an efficient and secure fundraising process. If you haven’t already, revisit our previous discussion on strategic provisions like …

Continuing our series on navigating NVCA term sheets, this fifth article delves into investor rights and covenants, fundamental aspects that significantly influence investor protections and the ongoing relationship between investors and startups. For insights into anti-dilution and conversion mechanics, refer back to our previous article, Anti-Dilution and Conversion Mechanics in …

Continuing our series on navigating NVCA term sheets, this third article focuses on essential charter provisions and shareholder rights. These terms significantly influence how your startup is governed, investor protections, and long-term company structure. If you missed our previous discussion on valuation and funding, revisit Valuation, Investors, and Amount Raised: …

Understanding valuation terms, investor involvement, and the amount raised are foundational elements of any funding round. Following our introductory exploration of Navigating NVCA Term Sheets, this second article in the series offers a comprehensive guide to valuation mechanics, equity dilution, and strategic implications under NVCA standard documents for Series Seed, …