Episode description

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

Disclaimer:
The information contained in the Startup LAWnchpad podcast and any materials associated therewith (the “Podcast”) is for educational, informational, and entertainment purposes only. It does not constitute legal advice or tax advice with respect to any particular circumstance. The Podcast is not a complete overview or analysis of the topics presented and may contain information that varies in different jurisdictions and is subject to revision, interpretation, or nullification after the date of recording. The transmission of information to you does not create a lawyer-client relationship between you and any host, guest, or their respective employer, including but not limited to Fordham University School of Law and Lincoln Square Legal Services, Inc. None of these parties shall be liable for any loss that may arise from any reliance on the Podcast. You should not rely upon the Podcast or treat it as a substitute for legal advice. You should consult a lawyer familiar with your particular circumstances and licensed in your jurisdiction for legal advice.