Dan Kahan

lawyer. partner, @kslaw. co-chair, emerging companies/VC group & co-chair, fintech group. no legal advice here.

[Dan Kahan @dankahan]

i posted on linkedin earlier this week that @kslaw is opening an office in miami.

the post has generated more impressions and inbound messages than anything i've ever posted, anywhere.

@rabois and @FrancisSuarez may be onto something.

[Dan Kahan @dankahan]

@lex_node the counter here is that clients haven't been willing to pay for this for a few years now. even 2-3 years ago, junior associates on highly leveraged deals had to demonstrate more value. firms that were keeping juniors busy doing ctrl-H were already NGMI.

[Dan Kahan @dankahan]

@alexrkonrad now go find the user who bet on "synergy" in the speech prediction markets and give that person . . . a VC internship

[Patrick Collison @patrickc]

Miamiposting might be a phenomenon whose time has passed, but having just spent a few days visiting, it really does feel like a boomtown in a way that no other American city that I've spent time in over the past few years does. In some ways, it reminds me of Chinese cities.

[Dan Kahan @dankahan]

@lex_node real securities lawyers who advise crypto projects have no reason to be offended by this. this should only really offended those LARPing.

[Dan Kahan @dankahan]

congratulations to the @Ripple and @palisadeinc teams on this important acquisition!

[Ripple @Ripple]

Institutional-grade asset custody just got supercharged.

We're acquiring @palisadeinc: https://t.co/plP7pAjI3P

Palisade offers a fast and scalable wallet solution, ideal for on/off ramps and global corporate payments – this integration accelerates value transfer across Ripple Payments and Ripple Custody.

Secure custody enables the onchain economy. From safe storage to seamless transfer, we're building the Internet of Value. →

[Dan Kahan @dankahan]

great work here by @DerekColla, @RSSH273, and the @doublezero team on this. we’ve come a long way from the tokenjet days!

[Rodrigo @RSSH273]

🚨Big day for crypto regulation 🚨

The SEC granted @doublezero's no action letter request covering the Programmatic Distributions of 2Z tokens, which clarifies that these token distributions do not amount to securities transactions.

[Dan Kahan @dankahan]

“typewriters will hurt our bottom line”

“word processors will hurt our bottom line”

“internet research tools will hurt our bottom line”

anything can hurt your bottom line if you don’t figure out ways to leverage your time better to deliver more and better service to clients.

[Jordi Hays @jordihays]

Talking with a guy in big law: "Adopting too much AI will hurt our bottom line."

[Federal Reserve @federalreserve]

@federalreserve @FDICgov @USOCC issue joint statement on risk-management considerations for crypto-asset safekeeping: https://t.co/1VFNYCx75T

[Dan Kahan @dankahan]

@regulatorynerd Woah woah woah, you skipped right over replacing branches with the metaverse

[Katherine Kirkpatrick Bos @kkirkbos]

We're hiring a US-based senior relationship manager at @StarkWareLtd - please DM me if interested! https://t.co/aJh16s4h61

[Dan Kahan @dankahan]

there are a few things going on with stablecoins and market structure legislation these days, so i'm excited that @kslaw and @ElecTranAssoc are hosting @RepFrenchHill in our office today for our 2025 Fintech Summit!

https://t.co/lAWJ4Wemtu

[Dan Kahan @dankahan]

@Drew_Morris meanwhile, the other side’s counsel recognizing your generational legal talent

[Hester Peirce @HesterPeirce]

We're not saying your crypto assets are securities, but if they are (and we're working on clarifying that) or your company is involved in the crypto industry, here's some disclosure guidance: https://t.co/QUgvRYlxyg

[Dan Kahan @dankahan]

now we have some potential creative solutions offered up by the SEC Staff on how to solve these these square-peg-round-hole issues.

[Dan Kahan @dankahan]

here's the background: some tokens are securities. a lot of the current securities law disclosure requirements (in Regulation S-K) don't make sense for tokens, at least not as written. some of us have been wrestling with these issues for a decade.

[Dan Kahan @dankahan]

@kkirkbos if you're going to report my messages as spam, i guess it's at least nice you think they're creative.

[Dan Kahan @dankahan]

@lex_node not to mention solutions in this market include many recyclable open source legal contributions made by you and others.

[Dan Kahan @dankahan]

agree, and this problem extends beyond just transfer restrictions. in a space where technical composability is ubiquitous, the amount of legal wheel-reinventing is as dangerous as it is dumb. e.g., why does everyone write their own vesting/lockup provisions from scratch?

[_gabrielShapir0 @lex_node]

If you have good lawyers they should be drafting the transfer restrictions broadly enough to prohibit this.

[Dan Kahan @dankahan]

@lex_node totally agree. but there's a big world between ctrl-h and "let type out my own legal structure for having rights vest over time." way too many people doing the latter, without understanding that a lot of these issues have already been solved, in this market or adjacent ones.

[Dan Kahan @dankahan]

@lex_node this is another thing that was solved decades ago in traditional markets (with the drafting improved over time) but plagues these new markets, in part, because of a lack of awareness of history and a collective insistence on learning all the hard lessons all over again.