web3bryan's profile picture. Web3/blockchain lawyer | Not legal or financial advice | Views are my own | Proud HODLer: @VeeFriends @Flyfishclub w/ @web3jenna | Tokenized art collector

Bryan Christenson, Esq.

@web3bryan

Web3/blockchain lawyer | Not legal or financial advice | Views are my own | Proud HODLer: @VeeFriends @Flyfishclub w/ @web3jenna | Tokenized art collector

Bryan Christenson, Esq. reposted

Your AI conversations aren't privileged. Yesterday, Judge Jed Rakoff ruled that 31 documents a defendant generated using an AI tool and later shared with his defense attorneys are not protected by attorney-client privilege or work product doctrine. The logic is simple: an AI…


Bryan Christenson, Esq. reposted

The crazy thing about money is that you get to choose how much of it makes you happy beyond covering your basic needs. I know people that are happy living on $5,000/mo and I know people that are miserable living on $25,000/mo.


Bryan Christenson, Esq. reposted

We filed comments today on @USTreasury’s proposed rule on crypto mixing. @coinbase supports effective regulations, but not bulk data collection and reporting requirements for all transactions involving any crypto mixing–even with no indication of suspicious activity. 1/6


Bryan Christenson, Esq. reposted

To say Pokémon cards do not provide access to an ecosystem is to say you never played Pokémon. This argument to avoid sweeping them in as securities but still tag tokens is, well, absurd. Do I need to retain this author as an expert witness under Fed. R. Evid. 701?

iampaulgrewal's tweet image. To say Pokémon cards do not provide access to an ecosystem is to say you never played Pokémon. This argument to avoid sweeping them in as securities but still tag tokens is, well, absurd. Do I need to retain this author as an expert witness under Fed. R. Evid. 701?

Bryan Christenson, Esq. reposted

May all your Thanksgiving feasts avoid investments of money, common enterprises, and expectations of profit from the efforts of others.


Bryan Christenson, Esq. reposted

🚨Breaking News: DOJ confirms guilty pleas by Binance and CZ. $4.3 Billion in penalties and forfeitures. -Binance must file SARs reports going forward.


Bryan Christenson, Esq. reposted

“Instead, the complaint makes a technical argument: that Kraken’s business requires special securities licenses to operate because the digital assets we support are really “investment contracts.” This is incorrect as a matter of law, false as a matter of fact, and disastrous as a…

Today, the SEC filed a complaint alleging that Kraken operates as an unregistered national securities exchange, broker, and clearing house. We disagree with their claims and plan to vigorously defend our position. k.xyz/3MP



Bryan Christenson, Esq. reposted

Yuga Labs v. Ryder Ripps et al - Joint Statement re Yuga Labs' Attorneys' Fees and Costs The parties were unable to reach a compromise. Yuga Labs requests $7,795,639.00, which includes attorney fees, costs/expenses, and expert fees Defendants counter $455,172.24 is reasonable

NeerMcD's tweet image. Yuga Labs v. Ryder Ripps et al - Joint Statement re Yuga Labs' Attorneys' Fees and Costs

The parties were unable to reach a compromise. 

Yuga Labs requests $7,795,639.00, which includes attorney fees, costs/expenses, and expert fees

Defendants counter $455,172.24 is reasonable

Bryan Christenson, Esq. reposted

SBF's attorney apparently showed the jurors a slide titled “Incentive to Cooperate Now,” showing how Ellison, Wang and Singh could face decades in prison. Just one of the creative tactics used by the defense to fend off a conviction. Of course also attacking the mens rea.


Bryan Christenson, Esq. reposted

🚨Crypto Crime Update: SafeMoon Executives Indicted for Securities Fraud and Money Laundering United States Attorney for the Eastern District of New York announced today the unsealing of a federal indictment charging three individuals with securities fraud, wire fraud, and money…


Bryan Christenson, Esq. reposted

So following this line of thinking, anytime a consumer rips open a pack of baseball cards with the expectation of pulling a rare that may go up in value if that player has a stellar career, it’s not a security. But, if the consumer mints a tokenized digital representation of that…

So let me get this straight… the sale of a Pokémon card is not a security but the sale of a tokenized Pokémon card could potentially be an issue? Seems like Gary Gensler is once again mumbling his words under pressure…



Bryan Christenson, Esq. reposted

“We do not routinely bring enforcement actions against people that sell watches, paintings, or collectibles along with vague promises to build the brand and thus increase the resale value of those tangible items.” True. There is nothing routine about what we are witnessing.

The SEC filed and settled its first NFT enforcement action today: sec.gov/news/press-rel… Here's Commissioner Uyeda's and my dissent: sec.gov/news/statement…



Bryan Christenson, Esq. reposted

The SEC filed and settled its first NFT enforcement action today: sec.gov/news/press-rel… Here's Commissioner Uyeda's and my dissent: sec.gov/news/statement…


Bryan Christenson, Esq. reposted

The district court in Van Loon v. Dept. of the Treasury (the @TornadoCash -related suit challenging the OFAC sanctions designations) has held in favor of the US Government on the merits - meaning that #Treasury wins and the sanctions designations are upheld.…

BillHughesDC's tweet image. The district court in Van Loon v. Dept. of the Treasury (the @TornadoCash -related suit challenging the OFAC sanctions designations) has held in favor of the US Government on the merits - meaning that #Treasury wins and the sanctions designations are upheld.…

Bryan Christenson, Esq. reposted

This moment was years in the making. It's is a testament to Coinbase’s unwavering commitment to safeguard our customers. Put simply, at every juncture, Coinbase has invested the time and diligence required to align with regulators actually interested in ... regulating. 1/3

This post is unavailable.

Bryan Christenson, Esq. reposted

What is an investment contract? If I buy a share of the Dallas Mavericks from @mcuban--that's a securities transaction. But if I buy season tickets to the Mavs games with the expectation of making a profit from reselling those tickets on the secondary market--that's Not an…

SEC v. Coinbase, Big Update: Six Securities Law Scholars File Devastating Amicus Brief in Support of @Coinbase. Law Professors from Yale, Univ. of Chicago, UCLA, Fordham, Boston University and Widener filed an amicus brief last night that Absolutely Shreds the SEC's…



Bryan Christenson, Esq. reposted

I can't say enough how gratifying it is to get support from so many amici today. Thank you. I appreciate the effort behind these briefs, and can't wait to read every word. I know they will prove useful to the Court in understanding the legal errors of the SEC's ways. Links below.


Bryan Christenson, Esq. reposted

Senator Cynthia Lummis (R. WY) just filed an Amicus Brief supporting @Coinbase's motion to dismiss the SEC's complaint. @SenLummis is Co-Sponsor of the Lummis-Gillibrand crypto regulation bill. Sen. Lummis' brief argues that: 1. Congress has not granted the SEC authority to…


Bryan Christenson, Esq. reposted

Yuga Labs v. Ripps et al - Day 1 of Trial How did we get here? Three key rulings. 🧵 1/

NeerMcD's tweet image. Yuga Labs v. Ripps et al - Day 1 of Trial

How did we get here? Three key rulings. 🧵 1/

Bryan Christenson, Esq. reposted

New Crypto Regulation Bill. Senators Lummis (R. WY) & Gillibrand (D. NY) have introduced comprehensive legislation to regulate the crypto asset space. This is a revised version of a Bill the Senators introduced last year. Here are 3 key takeaways...


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