“Up in the sky, look! It’s a commodity! It’s a security! It’s Cryptocurrency! Faster than a speeding bullet, more powerful than a supercomputer, able to leap (and fall from) tall evaluations in a single day! This amazing idea from the planet Crypto, Supercoin! Possessing remarkable virtual strength, Supercoin fights a never-ending battle for truth and justice against the forces of taxation and regulation.” As it stands, Federal and State legislators and regulators are contriving how to get a piece of the action:

• The Securities & Exchange Commission (SEC) says, “It’s a security” (applying the Howey Test),
• The Commodity Futures Trading Commission (CFTC) says, “It’s a commodity”,
• Everybody’s friend, the Internal Revenue Service (IRS), says “It’s a property”, and
• The Treasury (FinCEN) says, “No, it’s a money laundering enabler” and needs to be tracked.
• We say, “WOW, is that any way to treat the 2nd coming of money, a bonanza for freedom and integrity?”

Rulon White policy team began advocating Cryptocurrency in 2014. We’ve been working ever since, to this day, with officials from the Commodity Futures Trading Commission (CFTC) along with the White House, Congress, Treasury, and the Securities & Exchange Commission (SEC) at all levels. We continue that advocacy in pursuit of innovative regulatory approaches and to persuade agencies to adopt, amend, or re-interpret regulations with a view to preserve and improve our American Life, Liberty, and Pursuit of Happiness!

Blockchain is the innovative (digital or e-) database technology that can be used for authenticity, transparency, immutability, and uniformity. It’s information, once accepted, is forever fixed; cheating’s impossible!

Blockchain‘s early Use Cases, beyond Crypto-currencies, are just the beginning. Each use case needs regulatory frameworks that insure the integrity of outcomes when applied to: a) Public Register/Records, b) Crowdfunding, c) Payment records, d) Gambling, e) Insurance, f) Identity Proof, g) e-Voting, h) Trade Financing, i) Exchanges, j) Supply Chain Custody, k) Energy … any place where a record or a thread of records needs to be absolutely secure.

Upon the Blockchain foundation, there’s been built so-called “Smart Contracts” that can conditionally release funds or trigger authorizations and beyond! These magical outcomes need some governance and standards, even though they themselves are an extraordinarily secure governance tool. Legislatures and regulatory agencies, both state and national, will be instituting the use cases, enumerated above, with impacts on vendors and users to ensure that the operation and procedures used preserve the integrity that rigorous and transparent application of the technology affords.

Rulon White has shepherded such tradeoffs between government and clients’ interests for over a decade with groundbreaking success.

We invite you to: CLICK HERE TO CONTACT US

The decentralized networks of web3 offer an alternative to the broken digital status quo.

While centralization has helped billions of people get access to amazing technologies, many of which were free to use, it has also stifled innovation. Right now, companies that own networks have unilateral power over important questions like who gets network access, how revenue is divided, what features are supported, how user data is secured, and so on. That makes it harder for startups, creators, and other groups to grow their internet presence because they must worry about centralized platforms changing the rules and taking away their audiences or profits.

We invite you to: CLICK HERE TO CONTACT US