Cryptocurrency, Diversity, and Law

Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.

Episode Description: 

Sharon Yang (Fordham Law ‘23) is joined by Wenting Yu, Partner at O’Melveny & Myers LLP for a discussion about cryptocurrency, diversity, and law. Together they examine the details, deals, and legal underpinnings surrounding cryptocurrency; highlight the role that cryptocurrency plays in enhancing diversity; and discuss the steps that entrepreneurs and law students can take to get involved in the crypto space.

Episode Roadmap: [:40] Sharon Yang introduces herself and guest Wenting Yu, and defines key cryptocurrency terms. [5:00] An overview of various crypto deals and the importance of accurate legal advice. [9:40] Insights into mining, data centers, and green costs. [13:54] Cross-border crypto work and the typical transaction. [16:05] Diversity advancements and advantages in the crypto industry. [19:58] Wenting highlights the rewards and challenges of working in the crypto space. [23:37] Key legal issues that crypto-startup entrepreneurs need to know. [25:10] A look at the future of crypto in the wake of FTX. [29:00] Wenting’s advice for students who are interested in pursuing a crypto transactional practice. [31:58] Steps for getting connected and entering into the crypto space.

Tweetables: “Legal advisors are working to make sure they’re conducting the business within the framework of the current legal market.” - Wenting Yu “A lot of these companies are using renewable energy to first help their incentives.”- Wenting Yu “The crypto world is somewhat permissionless and decentralized, and it definitely lowers the barriers to disadvantaged groups.” - Wenting Yu “A lot of minorities and marginalized groups are turning to crypto as a tool and developing ways to use it.” - Wenting Yu “I don’t think the direction is wrong.  It’s just how we get from where we are to the future and our vision there.” - Wenting Yu “Get connected with people who are already in this space, and get involved however you can.” - Wenting Yu

Mentioned in This Episode: O’Melveny & Myers LLP

Additional Resources:  Fordham’s Entrepreneurial Law Clinic Follow us on Twitter @FordhamELC

Sponsors:  Nasdaq Educational Foundation Fordham’s Entrepreneurial Law Advisory Council

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