Block & Order hosts Kyle Lawrence and Moish Peltz dive into the shutdown of Friend.tech, the arrest of Telegram founder Pavel Durov, and an intriguing case of music streaming fraud using AI. They also discuss various SEC actions including charging Plutus Lending (Abra) with unregistered crypto offers and sales as well as OpenSea's market share drop and the SEC's surprising timing for a Wells Notice. It's a rollercoaster of insights and debates you won't want to miss!

Tune in for the latest news in blockchain, web3, and crypto!

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Today we're diving into the intricate world of cryptocurrency tax with our guest, tax expert Matthew Foreman, Partner and co-chair of Falcon Rappaport & Berkman's Taxation Practice Group. We explore challenges and solutions for handling large volumes of crypto transactions, emphasizing the importance of accurate record-keeping to avoid IRS scrutiny. Our conversation covers the intricacies of wash trading and its implications in the crypto market, the tax treatment of crypto as property, and the pressing need for comprehensive regulation from Congress. We also discuss the logistical challenges of tracking numerous trades and the potential impact of new legislation on the crypto space.

Together, we’ll delve into real-world tax implications on cryptocurrency regulation. Like and subscribe to stay informed about the latest in web3 and crypto tax compliance!

Matt is the host of Falcon Rappaport & Berkman's podcast How Tax Works, where he unravels the complexities of tax law. Learn more:
https://frblaw.com/podcast-category/how-tax-works/

Follow our guest:
https://x.com/ForemanTaxLaw
https://x.com/HowTaxWorks

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

This week, Block and Order hosts Kyle Lawrence and Moish Peltz were joined by special guests Jonathan Mann and Brian Frye to discuss suing the SEC and the SEC's expanding role in regulating the NFT and art markets. We also cover Celsius clawbacks, Binance's Proof-of-KYC token, Elon Musk's humanoid robots, the recent tech outage caused by CrowdStrike, and more. Plus, catch key insights from Bitcoin Nashville 2024!

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Hosts Kyle Lawrence and Moish Peltz kick off this episode with a look at Polymarket, a prediction market that's making waves by forecasting political events and other topics. They also discuss Pump.fun and memecoins, where the number of memecoins has intriguingly soared from under 2000 to over a million in just six months.

Listeners will learn about the CFTC Chairman's comments on crypto assets as well as recent developments with the SEC, including the dropping of investigations into BUSD and the Hiro Stacks blockchain. Moish and Kyle also cover Celsius targeting users who withdrew funds before its bankruptcy filing, raising questions about fairness and legal ramifications.

Today's episode rounds off with the SEC examining OpenAI whistleblower complaints, the Republican party adopting crypto in their 2024 election platform, the upcoming Ether ETF's release, 3AC, and the UK DAO report

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Today's episode includes the story of AssangeDAO, a collective that raised a staggering 17,422 ETH ($59.5 million) to support Julian Assange's legal defense, culminating in his release. Kyle and Moish also discuss the NBA Top Shot settlement and the practicalities concerning the distribution of the Justice tokens, and Circle acquiring an EMI license, positioning itself as a compliant global stablecoin issuer under Europe's new MiCA regulations. They also provide insightful commentary on the Supreme Court's decision to overturn the Chevron deference and its implications on agency rulemaking, particularly the SEC.

Further deep dives include Logan Paul filing a defamation lawsuit against YouTuber Coffeezilla, a new bill for paying federal income taxes in Bitcoin, and a discussion on the regulatory implications of the recent US CFTC and SEC investigations.

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Welcome to Episode 15 of Block and Order! In this episode, we kick things off with Pharma Bro Martin Shkreli facing a lawsuit from PleasrDAO over allegedly copying and sharing the one-of-a-kind Wu-Tang Clan album "Once Upon a Time in Shaolin".

We then explore Robinhood's $200 million acquisition of Bitstamp and its ambitions to become a significant player in the crypto exchange market and discuss the SEC's decision to close its Salt Lake City office just weeks after the failed crypto case against Debt Box.

Kyle and Moish also break down Elon Musk's surprising move to withdraw his lawsuit against OpenAI and delve into the intricate world of private asset tokenization, examining its potential impact on traditional finance. Lastly, we cover Terraform Labs' record-setting $4.5 billion settlement with the SEC and what it means for the future of crypto regulation.

Like, subscribe, and comment to share your thoughts and suggestions for future episodes!

0:00 Welcome to Block & Order
1:23 PleasrDAO Sues Martin Shkreli
5:26 Robinhood Acquires Bitstamp​
9:42 SEC / Debt Box
13:40 Musk & OpenAI​
17:23 Private Asset Tokenization​
20:58 Terraform Labs to pay $4.5bn in SEC fraud case

PleasrDAO Sues Martin Shkreli for Allegedly Copying One-of-a-Kind Wu-Tang Clan Album:
https://storage.courtlistener.com/recap/gov.uscourts.nyed.516318/gov.uscourts.nyed.516318.1.0.pdf

Robinhood Set to Acquire Bitstamp​:
https://techcrunch.com/2024/06/06/robinhood-acquires-global-crypto-exchange-bitstamp-for-200m/

SEC Closes Salt Lake City Office Following DEBT Box Judgement​:
https://www.coindesk.com/policy/2024/06/04/sec-to-shutter-office-behind-failed-debt-box-crypto-lawsuit/?_gl=1*z8z5ix*_up*MQ..*_ga*NDc1MjU0ODYzLjE3MTc1MzIzNTE.*_ga_VM3STRYVN8*MTcxNzUzMjM1MC4xLjAuMTcxNzUzMjM1MC4wLjAuNzkwOTQyMjA0

Elon Musk Withdraws Lawsuit Against OpenAI and Sam Altman
https://www.wsj.com/tech/elon-musk-withdraws-suit-against-openai-sam-altman-f3443b9c?mod=ai_news_article_pos2​

Private Asset Tokenization​:
https://www.coindesk.com/opinion/2024/06/04/the-promises-and-perils-of-private-asset-tokenization/?_gl=1*1lizq24*_up*MQ..*_ga*MjAyNzMxMTIxMC4xNzE3NTk2NzAy*_ga_VM3STRYVN8*MTcxNzU5NjcwMS4xLjAuMTcxNzU5NjcwMS4wLjAuNjEyMzI4MTk4

Terraform Labs Agrees to Pay $4.5 Billion Penalty to SEC:​
https://www.wsj.com/finance/regulation/do-kwons-crypto-firm-agrees-to-pay-massive-4-5-billion-penalty-to-sec-35355452?st=4u527al5rays7tu&reflink=desktopwebshare_permalink

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

Kyle and Moish explore the crypto market's first major structure bill legislation, Uniswap’s response to the SEC's Wells Notice, and a story about two brothers facing charges of stealing $25 Million in Ethereum cryptocurrency.

Learn about Dolce and Gabanna's NFT delivery issues and potential legal ramifications, Scarlett Johansson’s OpenAI voice clash, the Bitcoin creator identity case, and more on this episode of Block & Order.

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.

In this week’s episode, Kyle & Moish discuss CZ’s sentencing, Avi Eisenberg, MetaMask suing the SEC, Samourai Wallet, Moonbirds, SBF & Hong Kong’s proposal for self regulation in the crypto and DeFi space. #crypto #cryptonews #blockchain #blockchainnews #web3 #nft

Chapters:
0:00 - Welcome
1:39 - CZ & Avi
5:27 - MetaMask v. SEC
9:33 - Samourai Wallet
13:58 - Moonbirds
18:37 - Sam Bankman-Fried
23:06 - Hong Kong Self Regulation

Please note that this show is meant for informational and entertainment purposes only. This is not legal advice. Please hire your own attorney. The hosts or guests appearing on Block and Order may hold cryptocurrency, NFTs, or other digital assets from companies mentioned during our programming. This possession of digital assets does not constitute a professional endorsement, legal advice, or financial advice. Listeners are encouraged to consult with their own legal and financial advisors for personalized guidance in the blockchain and cryptocurrency space.