Crypto Companies: Get Legal Advice Before Launching For Success

Bullet Points:
• Crypto companies need to seek legal advice before launching.
• Lisa Rubin, a blockchain attorney with Paul Hastings, discussed legal misconceptions in the industry.
• The Crypties 2022 awards gala was held in Miami and sponsored by several crypto projects.

Crypto companies need to take the necessary steps to ensure they are compliant with all legal regulations before launching. Lisa Rubin, a blockchain attorney with Paul Hastings, recently sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco to discuss the legal misconceptions that still exist within the crypto industry.

Rubin pointed out that a lot of crypto companies are unaware of the legal steps they need to take before launching a project, and that seeking legal advice is a crucial step in the process. She also noted that many of the issues that arise from a lack of legal understanding could be avoided if the companies took the time to seek professional advice.

Rubin also discussed the importance of having a good lawyer on board when launching a crypto project, stressing that the lawyer should be someone who is knowledgeable about the industry and who understands the risks of launching a project.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. The Crypties are an annual awards show that recognize the best projects, products, and personalities in the crypto world. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At the event, Kathleen Breitman, co-founder of Tezos, discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum, and sharding, progressive decentralization, and NFT gaming.

Additionally, a panel at 0xpo Summit in December 2022 featured representatives from Slow Ventures, Volt Capital, Conviction, and AngelBlock, who discussed the challenges of raising money in a bear market. The panelists also discussed the importance of having a strong team and how investors view the crypto industry.

Overall, the crypto industry is still in its infancy and there are a lot of misconceptions and misunderstandings surrounding it. To ensure the success of a project, it is important for companies to seek legal advice and to be aware of the legal steps they need to take before launching a project. Additionally, events like the Crypties and panels like the one at 0xpo Summit provide invaluable opportunities for people and companies to learn more about the industry and network with others.

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