1/ The crypto sector has long been plagued by the lack of accessible and affordable D&O insurance for crypto ventures. This has deterred many potential investors and hindered the growth of the industry.
The DCCPA greatly threatens DeFi innovation.
The proposed bill:
- gives CFTC new powers to regulate spot markets
- forces human intermediation
- forces projects to sacrifice decentralization
It favors centralized incumbents and kills startups.
Alliance opposes the DCCPA. 🧵
If you have been out of the loop, in the past months some of the top web3 entities and companies are being sued and legally attacked.
From Uniswap and Ooki DAO to Coinbase, Binance, and even Paradigm and a16z.
Quick thread plus some tools we have against this offensive.
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After the Merge, some crypto skeptics floated the idea that staking somehow makes ETH a security. It doesn't.
In this article, my co-authors (@RSSH273 + @aixiicee) and I explain why Ethereum's switch to proof-of-stake doesn't trigger the securities laws:
https://t.co/X2ME6vOL6l
Crypto companies must battle a slew of risks amid a volatile market. Let’s discuss what exposures leaders face and why D&O insurance is vital.
The Value of D&O Insurance for Crypto Companies - https://t.co/5w9AXgDOdP
"D&O policies that offer crypto coverage usually exclude regulatory claims, theft of digital assets, and initial coin offerings."
Lack of insurance offerings to #crypto custodians is alarming. This is another example of how the lack of regulatory certainty hurts investors.
Blockchain-powered reinsurer Re raised $14 million in a seed-funding round to build a decentralized global reinsurance market.
@willcanny99 reports.
https://t.co/KClur6fcSG
Cryptocurrency D&O and cyberattack insurance seems to be gaining traction, whether under specific crypto policies or business liability policies. It ain't cheap, though.
#crypto#cybersecurity#cyberinsurance
https://t.co/MkbSVZv9lR