Can Sun (YLS 13), Associate and Blockchain Industry Co-chair at Fenwick & West
“There is no uniform ‘blockchain law’ or an overarching set of regulations applicable to blockchain technology right now.”
“There is no uniform ‘blockchain law’ or an overarching set of regulations applicable to blockchain technology right now.”
“To me, the spirit or ethos out of which Bitcoin and the Bitcoin Blockchain grew relates to the financial crisis and mistrust of central banks and large financial institutions.”
“To me, the idea of blockchain is to share alike in the benefits of a more efficient and cost-effective operation. That includes the middlemen.”
“I think what I like most about this system is the speed with which its growing; in other words, how quickly the main actors in Mexico are turning to blockchain.”
“The reference points are revolutionary technologies, whether that’s the internet, mobile, or any of these things that fundamentally represented a new and better way of doing things.”
“Formal Verification checks for the absence of bugs, whereas traditional means of testing will check for the existence of bugs. Although the differences may sound inconsequential, the implications are actually very significant.”
“The SEC implemented a case-by-case application process for evaluating token offerings, where they might say, “Go ahead. Integrate your utility token. We won’t prosecute.” These are so-called “no-action” letters.”
“It’s fair to say that the identity-verification problem isn’t really solved at all, and that’s what we’ve been focused on for the past two years.”