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Understanding Cryptocurrency & Its Legal Implications

(181 Ratings)

Produced on: February 09, 2018

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 91 minutes
Difficulty Beginner

In the past few years, cryptocurrency and token popularity has grown exponentially. While initially under the control of tech enthusiasts and outlaws, they have quickly become mainstream investment vehicles that are gaining the attention of the IRS, SEC, and courts.

This presentation is taught by James Anthony Wolff, attorney and start-up entrepreneur, and Mark DiMichael, CPA who specializes in litigation support. They aim to provide attorneys with a basic understanding of the concepts, accounting rules, and legal environment surrounding cryptocurrency and tokens so they can advise clients correctly.


Learning Objectives:

  1. Review the concepts, process, and terminology of cryptocurrency, including tokens and other blockchain uses
  2. Discuss current trends and court rulings
  3. Consider specific issues for trust and estate and matrimonial practitioners
  4. Grasp accounting and tax reporting rules
  5. Determine whether tokens qualify as securities

Faculty

James Anthony Wolff

Anderson & Anderson LLP

Mr. Wolff is admitted to the Appellate Division, First Department of New York State. He received his undergraduate degree from Johns Hopkins University and his Juris Doctorate from New York Law School. His interests are in corporate law, business development, emerging intellectual property, finance, complex international trade agreements, and arbitration and mediation. He is an Executive board member at-large for the United Nations Association, serving on the Southern District Division of New York committee. In 2016, he spoke on Public Private Partnership trends at the MIT Sloan Business School in Massachusetts.

Mr. Wolff is a startup entrepreneur, developing a corporate portfolio of innovative and cutting edge startup companies in the fields of: cellphone app software, 3D printing technology, home consumer products, commercial space, and more. Mr. Wolff was previously an Autodesk certified drafting specialist working for civil engineering companies as a drafting technician for electrical, mechanical, fire systems, and plumbing design. He is an avid inventor and writer.

His corporate portfolio includes co-founding a mega-scale concrete 3D printer company with the first permit for 3d printed construction in the United States, the co-author of a new provisional patent for metal 3d printing processes as a founding member of Deep Space Industries, a commercial space company developing microgravity 3d printing processes, the co-founder of a food 3D printing company, business director for a cellphone software company, business administrator for recycling can technology startup company.

A crowd funding campaign Mr. Wolff co-developed through D-Shape led to the Rygo Project on the “World’s Largest 3D Printer, D-Shape”, featured in Wired, PC Magazine, Makezine, Design Goodness, and more. Publications from the Wall Street Journal to the San Francisco Chronicle and New York Tech Blog have cited Mr. Wolff.

Mark DiMichael

Citrin Cooperman

Mark DiMichael, a director in the valuation and forensic services department, specializes in litigation support and valuation services. His areas of expertise include divorce litigation, economic damages analysis, fraud investigation, cryptocurrency, white collar criminal defense, and business appraisals.

Mark has prepared and rebutted expert reports, and has experience working with companies in a wide range of industries. He has also provided expert testimony related to economic damages.

Prior to joining Citrin Cooperman, Mark performed investigative accounting and business valuations related to matrimonial disputes. Additionally, he has several years of experience in performing financial statement audits for middle market companies.

Mark has taught various CPE/CLE classes on economic damages, divorce, and other litigation related topics, as well as cryptocurrency and blockchain.

Reviews

SV
Sophia V.

An absolutely outstanding course. Mark DiMichael is an amazing speaker!

ML
Michael L.

excellent presentation

KS
Katherine S.

Mark diMichael is an excellent presenter

EC
elizabeth c.

The accountant was terrific! So clear!

DR
Dane R.

Valuable course.

LS
Larry S.

Well done.

EA
Eva A.

Extremely informative.

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