Transition to crypto legal counsel? Andre Cronje emphasizes the necessity of regulation, has initiated multiple legal counsel firms to promote adoption.

Yearn founder Andre Cronje has been posting continuously, emphasizing the necessity of regulation in the cryptocurrency space on the first day. He once again wrote about the current regulatory issues in the cryptocurrency space and revealed that he and his partners have engaged with multiple legal advisory firms to provide guidance for crypto companies. They are developing regulatory strategies within the current framework to expand adoption.

The original article titled "Crypto Regulation vs Regulated Crypto" contrasts regulating current cryptocurrencies with cryptocurrencies that comply with regulations from the start. Andre Cronje, referred to as AC below, believes that the latter, tailored to the unique nature of the crypto space, is the more feasible approach.

Current Regulation Is Impractical

AC points out that current crypto regulation is fundamentally unworkable as public blockchains are not confined to specific jurisdictions. They should adhere to maritime law, and no one can claim jurisdiction over these areas without geopolitical control.

Regulated Crypto Areas

AC emphasizes the feasibility of regulated crypto areas. Instead of resisting regulatory authorities, it is better to try to cooperate and undergo relevant training with regulators. For example:

• Token issuers and management entities can apply for necessary permits domestically if available.
• Exchanges can apply for operational licenses in a particular jurisdiction if available.
• Countries interested in regulating interactions on the blockchain can introduce their own national blockchains.

AC Launches Legal Advisory Firm

AC has announced the launch of multiple legal advisory firms with partners to provide advice to crypto companies and develop regulatory strategies for broader adoption. The focus is on explaining in terms understandable to institutions to encourage their participation rather than increasing their technical burden.

The core services that AC focuses on include:

• Custodial solutions compliant with PCI and DSS HSM.
• Risk, credit, liquidity, and compliance reports.
• Multi-currency payment channels and infrastructure.
• Tokenization solutions for clearinghouses and securities exchanges.
• Advanced DeFi bond floating rates.
• Crypto ETFs, mutual funds.
• National blockchain initiatives.

If interested in participating or promoting, please contact AC at [email protected].