Insights

Research Skills Every Investor Should Have

Posted on by CryptoAttys

Strong research skills are one of the most valuable tools an investor can have, helping you spot risks, verify facts, and make smarter financial choices.

Before you put a single dollar into an investment—whether it’s stocks, real estate, or cryptocurrency—you need more than just a good feeling. You need facts. Research is your first line of defense, helping you spot real opportunities and avoid costly mistakes.

In this guide, you’ll learn the essential research skills every investor should have. These skills not only help you find solid investments but also protect you from scams, hype, and unnecessary risk.

Why Research Matters in Investing

Good research separates smart investors from lucky (or unlucky) ones. It helps you:

  • Tell the difference between legitimate opportunities and scams

  • Avoid emotional, spur-of-the-moment decisions

  • Understand the full picture before committing your money

Without research, you’re more likely to fall for hype, miss key warning signs, or put money into something that doesn’t match your goals.

The 5 Essential Research Skills for Investors

1. Source Verification

Before trusting any investment, confirm that the company, project, or person is legitimate.

  • Search business registrations in state or national databases

  • Check for required licenses or regulatory filings (like SEC registrations)

  • Search for news coverage beyond the company’s own press releases

Example: If someone claims to be a licensed broker, verify their status on FINRA’s BrokerCheck.

2. Reading Financial Documents

Financial statements, annual reports, and—if you’re in the crypto space—whitepapers, can tell you a lot about a project’s health.

Red flags include:

  • Vague descriptions of how the business works

  • Missing or outdated financials

  • Promises of “guaranteed” high returns

3. Understanding the Market Context

Before you invest, understand the industry and market trends that could affect it.

  • Use reliable financial news outlets and industry reports

  • Watch for major events—like regulations, lawsuits, or technology changes—that could impact value

4. Risk Assessment

No investment is risk-free. A skilled investor asks:

  • What could go wrong?

  • How much am I willing to lose?

  • Does the potential reward justify the risk?

A balanced view of both risk and reward is critical to making informed decisions.

5. Cross-Checking Information

Don’t rely on a single glowing review or influencer post. Compare information from multiple sources—official filings, independent analysts, and trusted media.

The more consistent the facts, the more confidence you can have in your decision.

Common Mistakes to Avoid

  • Following tips from social media without verifying

  • Ignoring negative reviews or regulatory warnings

  • Skipping the fine print or terms of an investment

  • Letting FOMO (fear of missing out) push you into a rushed decision

Free & Trusted Research Tools

You don’t need expensive subscriptions to get reliable information. Try:

Building a Personal Research Routine

The best investors make research a habit.

  • Create a pre-investment checklist

  • Keep notes on what you find and why you made each decision

  • Review past investments to learn from mistakes and successes

When to Seek Professional Advice

Some investments are complex and deserve a second opinion. Licensed financial advisors, attorneys, and accountants can help you understand risks and legal requirements.

Tip: Verify a professional’s credentials before acting on their advice. And, as a reminder, this post and website are for informational purposes only and do not provide legal advice.

Strong research skills are an investor’s best protection. By taking the time to verify facts, understand risks, and cross-check sources, you can invest with confidence and avoid costly mistakes.

Looking to support a crypto fraud victim? We’ve compiled resources that may be able to help. 

The Rule of Law: The Ultimate Investor Protection

Posted on by CryptoAttys

Imagine putting your life savings into what looks like a solid investment—only to watch it disappear overnight.
For many people, this is not a nightmare—it’s reality. But in places where the rule of law is strong, investors have a much better chance of protecting their money, holding wrongdoers accountable, and recovering losses.

The rule of law might sound like a political or legal theory, but for investors, it’s the invisible safety net that makes markets safer, builds trust, and fuels long-term growth.

DYOR isn’t just about numbers and charts — it also means understanding the rule of law, a key safeguard for investors everywhere.

What Is the Rule of Law?

The rule of law means that everyone—governments, businesses, and individuals—must follow the same legal rules. No one is above the law, and everyone’s rights are protected equally.

For investors, this matters because it creates a fair and predictable environment. Without it, markets can turn into a free-for-all where scams, corruption, and broken promises go unpunished.

Key principles of the rule of law that protect investors:

  • Fairness – Rules apply equally to all.

  • Transparency – Clear laws and reporting requirements.

  • Accountability – Wrongdoers face consequences.

  • Access to justice – Investors can seek legal recourse.

How the Rule of Law Protects Investors

1. Clear Property Rights

When laws clearly define ownership, investors know exactly what they hold—whether it’s stock in a company, real estate, or digital assets. This reduces disputes and builds confidence.

2. Transparent Regulations

In strong legal systems, companies must share truthful, detailed information about their finances and operations. That helps investors make informed choices instead of relying on rumors or hype.

3. Accountability for Wrongdoing

From insider trading to Ponzi schemes, fraudsters can be investigated and prosecuted. This discourages bad actors and protects honest market participants.

4. Dispute Resolution Systems

Courts, regulators, and arbitration panels give investors ways to settle disputes and—sometimes—recover lost funds. Without these systems, fraud victims are often left with no recourse.

Real-World Proof

History is full of moments when stronger laws restored investor trust. In response to the 1929 stock market crash, the U.S. created the Securities and Exchange Commission (SEC). More recently, regulators worldwide have cracked down on fraudulent crypto exchanges, freezing assets and prosecuting founders who misled investors.

Crypto Shows the Need for the Rule of Law

The crypto industry has created opportunities for innovation—but also for fraud. In lightly regulated or unregulated markets, investors face risks like:

When the rule of law is applied to crypto—through licensing, reporting requirements, and enforcement—it can help protect investors while still allowing legitimate innovation.

A Global View

Countries with stronger rule-of-law scores tend to attract more investment and experience less fraud. International cooperation—through groups like Interpol and the Financial Action Task Force (FATF)—is becoming more important as investment crimes, especially crypto scams, cross borders.

How Investors Can Protect Themselves

Even in countries with strong legal systems, investors need to do their part:

  • Research regulations in your area before investing.

  • Verify licenses for companies and advisors.

  • Check registration with agencies like the SEC or your state’s securities regulator.

  • Seek legal or financial advice from a licensed professional before committing money.

Investor Takeaway

The rule of law is more than a legal principle—it’s the ultimate form of investor protection. It gives markets stability, deters fraud, and ensures there are consequences when people break the rules.

Without it, investing becomes little more than gambling. With it, you have a fairer, safer environment to grow your wealth.

Support transparency. Support enforcement. Support the rule of law—because your investments depend on it.

Learn how Illinois’ crypto laws protect investors and what they mean for businesses.

5 Things to Know About Crypto Scam Centers

Posted on by CryptoAttys

In recent years, crypto scam centers have become a global threat—stealing billions of dollars and devastating lives.

These aren’t just small-time fraud operations. Many are massive, organized crime networks based in Southeast Asia that run like factories, with hundreds of workers targeting victims around the world.

They operate like professional businesses—with scripts, customer tracking systems, and even “training programs” for scammers. But instead of selling real products or services, they sell fake investments, bogus crypto platforms, and get-rich-quick promises designed to drain victims’ wallets.

If you’re new to this, here are five topline things to know to protect yourself, spot red flags fast, and understand how these scams really work.

1. They Often Start With “Romance Baiting”

One of the most common tactics is something law enforcement now calls romance baiting (previously known as “pig butchering”).

Here’s how it works:

  • Out of the blue, someone messages you—maybe on social media, WhatsApp, or a dating app.

  • The scammer starts a friendly or romantic conversation, often over weeks or months.

  • Once trust is built, they “introduce” you to an investment opportunity—usually in cryptocurrency.

  • They show you fake profits in a realistic-looking app or website.

  • You invest more and more—until one day, you can’t withdraw anything.

Interpol recently asked media and police worldwide to stop using the term “pig butchering” because it shames victims and makes them less likely to report. “Romance baiting” is both accurate and less stigmatizing.

2. Scam Centers Are Big Business in Southeast Asia

Reports from the United Nations Office on Drugs and Crime (UNODC) show that many scam centers operate out of repurposed casinos and industrial compounds in countries like Cambodia, Myanmar, and Laos.

These facilities can house hundreds of people—some willing criminals, but many others trafficking victims forced to work after being lured by fake job offers.

Inside, the operations are shockingly professional:

  • Multiple “departments” for chatting, convincing, and collecting money

  • Sophisticated tracking of victims’ progress

  • Access to dozens of fake websites and crypto wallets

The profits are enormous—measured in billions of dollars annually—making this a top priority for international law enforcement.

3. Scam Centers Operate and Target People Worldwide

While many operate in Southeast Asia, victims are found worldwide — across the U.S., Australia, Europe, and Africa.

Some of the most targeted groups include:

  • People interested in cryptocurrency trading

  • Online dating app users

  • Retirees looking for investment income

  • People seeking alternative investments like NFTs or DeFi projects

Criminals tailor their pitch to each victim’s background, using personal details (sometimes stolen from data breaches) to make the scam more convincing.

4. The Warning Signs Are Familiar—But Easy to Miss

Investment scams are patient and believable, which means anyone can fall victim. As with fraud in general, protect yourself by watching for:

  • Unrealistic returns (“Earn 20% every week, guaranteed”)

  • Urgency (“You must invest today to lock in the rate”)

  • Secrecy (“This is a private deal—don’t tell anyone”)

  • Complicated explanations that are hard to verify

  • Trouble withdrawing funds from a platform

  • Unregistered or unlicensed sellers

If you spot even one of these red flags, stop and investigate before sending any money.

5. Law Enforcement Is Fighting Back—But Awareness Is Key

Agencies like Interpol, the Australian Federal Police (AFP), and the US–China Economic and Security Review Commission (USCC) have been tracking and raiding scam compounds, rescuing trafficking victims, and seizing crypto wallets.

For example:

But even with these crackdowns, prevention is the best defense—because once money is sent to a crypto scam, it’s almost impossible to get it back.

On September 8, 2025, OFAC sanctioned nearly 20 companies tied to scam compounds in Myanmar and Cambodia, including nine in the notorious Shwe Kokko enclave. The designations aim to disrupt networks that profit from human trafficking and online fraud schemes that cost Americans more than $10 billion in 2024.

Protect Yourself

If you’re approached with an investment opportunity—especially in cryptocurrency—remember:

  • Verify licenses and registrations with the SEC or your local securities regulator.

  • Search online for scam reports about the company or platform.

  • Talk to a licensed legal or financial professional before making a decision.

If something feels off, it’s worth slowing down. Scammers rely on emotion—whether it’s excitement, greed, or love—to get you to act fast.

The Bottom Line

Crypto scam centers are well-funded, well-organized, and global. They use emotional manipulation, fake investment platforms, and aggressive sales tactics to trick people out of their money.

The more you know about how they work, the harder it will be for them to succeed. Stay alert, question offers that seem too good to be true, and spread the word—because knowledge is one of the best tools against crypto crime.

Here are non-legal resources that may offer support, guidance, and care for victims of scams and their loved ones.

This Domain Is For Sale

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Any references to legal topics, practice areas, or professional services are strictly descriptive in nature and are intended to illustrate potential marketing use. Prospective buyers are responsible for ensuring that their use of this domain complies with all applicable laws, advertising rules, and ethical guidelines in their jurisdiction.

By viewing or inquiring about this domain, you acknowledge that the seller is not providing legal counsel, guarantees, or endorsements of any specific legal outcome.

Illinois Landmark Crypto Consumer Protection Laws

Posted on by CryptoAttys

On August 18, 2025, new Illinois crypto laws went into effect—marking the first consumer-protection measures of their kind in the Midwest. These laws are designed to curb crypto-related fraud and establish clear rules for digital-asset businesses in the Prairie State.

Whether you live in Illinois or do business with Illinois residents, this guide breaks down what changed, who’s covered, and what steps you need to take to stay compliant.

Key points at a glance

  • Big change: Illinois rolled out two brand-new consumer protection laws (SB1797 and SB2319).

  • No time to waste: 4,319 Illinoisans reported crypto-related losses, totalling $272M in 2024; nationwide crypto-enabled fraud topped $9.3B.

  • Kiosk safeguards: Refunds for new customers who are scammed, 18% fee caps, and $2,500 daily limits for new customers.

  • Who regulates: The Illinois Department of Financial and Professional Regulation (IDFPR) now supervises covered digital-asset activity and expects risk management for cyber, fraud, and AML.

  • Timing: Some protections apply immediately; registration for digital-asset businesses is due by July 1, 2027.

SB1797 (Digital Assets and Consumer Protection Act)

SB1797 gives IDFPR the authority to register, supervise, and enforce against covered digital-asset business activity in Illinois. It brings familiar guardrails from traditional finance into crypto: disclosures, customer-asset safeguards, customer-service standards, financial-resources requirements, and risk programs that address cybersecurity, fraud, and money laundering.

Just as important, the law carves out non-custodial and builder activity so innovation isn’t swept in unnecessarily. The statute specifies that peer-to-peer exchanges/transfers, decentralized exchanges that only facilitate P2P through code, and software development/distribution by itself are not “digital-asset business activity.” 

SB2319 (Digital Asset Kiosk Act)

If you use or operate Bitcoin/crypto ATMs (kiosks) in Illinois, SB2319 creates consumer-first rules:

  • Registration with IDFPR and reporting of all kiosk locations

  • Prominent disclosures and live customer-service expectations

  • Refunds for new customers who are victims of scams at kiosks (with a process and deadlines—a new customer must submit a police or government-agency report within 60 days of the last transaction in the new-customer period)

  • New users can’t be charged more than an 18% fee, and their transactions are limited to $2,500 per day

These measures target common “on-ramp” fraud patterns (including romance/investment “pig-butchering” schemes) by limiting high-risk first-time transactions and creating a refund pathway when scams are reported promptly.

Land of Lincoln Speaks

State officials cited $272M in crypto-related losses for Illinois residents in 2024 and framed the new framework as commonsense protections that keep responsible firms operating with clear guardrails.

The FBI totalled $16.6B in cybercrime losses nationwide in 2024, including $9.3B tied to cryptocurrency—underscoring the scale of the problem these laws aim to address. 

Who’s affected—and when

  • Consumers & first-time kiosk users: Refund rights for new customers and the fee/daily caps are in effect now. Save receipts and report suspected scams quickly to qualify. 

  • Digital-asset businesses: Prepare for IDFPR registration and supervision; registration deadline: July 1, 2027. To keep customers safe, companies in the Land of Lincoln must block hacks, fraud, and money laundering—and keep written proof of the steps they’ve taken.

  • Developers & pure P2P users: Non-custodial software development and P2P exchange/transfer activity, by themselves, are not treated as “digital-asset business activity.”

Smart Moves for Illinois Crypto Investors

  1. Know your kiosk rights (new customers): fees capped at 18%, daily limit $2,500, and a refund pathway if you were scammed—file a police or agency report within 60 days to support your claim. 

  2. Vet providers: choose platforms that segregate customer assets, publish clear risk disclosures, and respond quickly to support requests—now regulatory expectations in Illinois.

  3. Report fraud fast: submit complaint to the FBI’s IC3, and if a state-regulated entity is involved, notify IDFPR. 

FAQs

Is this a ban on crypto in Illinois?

No. The laws permit responsible businesses to operate while adding consumer protections and supervision.

Does this cover DeFi or P2P use?

Illinois crypto laws make clear that peer-to-peer exchanges and software development on their own aren’t regulated as digital-asset businesses.

When do companies need to register?

Digital-asset businesses must register with IDFPR by July 1, 2027; several consumer protections take effect immediately.

What are other states doing?

The National Council of State Legislatures is tracking 2025 cryptocurrency and digital asset legislative activity.

Explore why the rule of law matters for investors—and how it protects you from scams and fraud.

Glossary: 23 Essential Crypto Terms Explained

Posted on by CryptoAttys

This glossary of crypto terms helps you navigate the fast-moving world of digital assets by breaking down the key words, acronyms, and phrases every investor should know. Whether you’re decoding DeFi or exploring NFTs, this guide makes crypto jargon simple and approachable.

Without further ado, here are 23 key crypto terms explained:

1. Altcoin

Any cryptocurrency that’s not Bitcoin. Think of it like all the other sodas that aren’t Coca-Cola.

2. Blockchain

A digital record book, like a shared Google Doc that can’t be edited without everyone knowing. It keeps track of every crypto transaction.

3. Cold Wallet

A way to store crypto offline—like keeping cash in a safe instead of your wallet. It’s more secure from hackers.

4. Cryptocurrency

A digital form of money that lives online and isn’t controlled by a government or bank. It’s why we’re all here now.

5. DAO (Decentralized Autonomous Organization)

An online group run by its members using rules written in code. No boss—just shared control.

6. Decentralization

No one person or group is in charge. Instead, power is spread out among users.

7. DeFi (Decentralized Finance)

DeFi is a nickname for decentralized financial services (like loans or savings) done on the blockchain—without traditional banks.

8. Degen

Short for “degenerate,” it’s a joking way some crypto fans describe themselves when taking high risks.

9. Ethereum

The second-largest cryptocurrency after Bitcoin. It’s like an operating system for building crypto apps.

10. Fiat

Government-issued money, like U.S. dollars or euros. The opposite of crypto.

11. Gas Fees

Tiny payments you make to use a blockchain, like a toll or service fee.

12. HODL

A typo-turned-slang for “hold.” It means keeping your crypto instead of selling it.

13. Hot Wallet

A crypto wallet connected to the internet. Easier to access, but slightly riskier than a cold wallet.

14. ICO (Initial Coin Offering)

The crypto version of a startup fundraiser—people buy new coins hoping they go up in value. 

15. Ledger

Another name for a blockchain. It’s the master list of all transactions.

16. Liquidity

How easily you can turn crypto into cash (or another coin). High liquidity = easy to trade.

17. Mining

How new crypto is created. Computers solve puzzles and earn coins as a reward.

18. NFT (Non-Fungible Token)

A digital certificate of ownership, often for art or collectibles. Think: buying the “original” of a meme or song.

19. Private Key

A private key is like a password that unlocks your cryptocurrency. It proves you’re the owner and lets you send or use your crypto—keep it secret and safe.

20. Public Key

Your crypto address—what you give people so they can send you money. Safe to share.

21. Rug Pull

A scam where crypto developers take everyone’s money and disappear. Like a digital Ponzi scheme.

Examples include Do Kwon’s Terra-LUNA and, more recently, the Hawk Tuah Coin. 

22. Smart Contract

Self-executing computer programs that do things automatically—like sending money when conditions are met.

23. Stablecoin

A stablecoin is a kind of cryptocurrency that’s linked to a steady asset like the U.S. dollar, so its value doesn’t swing wildly like other coins.

And because we love you, here’s a bonus essential crypto term to know!

FOMO (Fear of Missing Out)

In crypto, FOMO is the anxious feeling that you’re about to miss a big profit opportunity, usually because a coin’s price is spiking or everyone online is hyping it. This emotional rush often pushes investors to buy in without proper research, leading to risky decisions — and sometimes losses when the hype fades.

Final Thoughts

You don’t need to become a crypto investor to understand the basics. With this glossary, you’ll be better equipped to follow conversations, ask questions, and make informed decisions if crypto ever touches your world.

Want to learn more? DYOR with book, podcast, and social media content recs!

DYOR: Do Your Own Research

Posted on by CryptoAttys

“DYOR” isn’t just good advice, especially when it comes to crypto—it’s a necessary step in defending against hype, misinformation, and fraud. With headlines promising easy money and influencers hyping the next big token, it can be hard to separate fact from fiction.

That’s why we’ve pulled together a list of books, podcasts, and independent voices that go beyond marketing spin to offer real insight into the risks, scams, and structural issues shaping the crypto space.

Whether you’re new to digital assets or just tired of the hype, these resources are here to help you dig deeper, ask better questions, and make more informed decisions. 

These aren’t sponsored promotions—they’re just sources we’ve found valuable and think you might, too.

DYOR: Books

DYOR: Podcasts

DYOR: Online Follows

  • Stephen Diehl
    Software engineer and co-author of Popping the Crypto Bubble, known for his sharp industry critiques.
    Twitter: @smdiehl
  • David Gerard
    Author of Attack of the 50 Foot Blockchain, longtime crypto skeptic and tech commentator.
    Website: davidgerard.co.uk
    Twitter: @davidgerard

  • Molly White
    A software engineer and longtime Wikipedia editor, Molly created Web3 is Going Just Great, a meticulously maintained timeline of crypto disasters—hacks, rug pulls, failed projects, and regulatory news. She’s become one of the most respected independent crypto skeptics, regularly cited by journalists and academics. 
    Twitter: @molly0xFFF

  • John Reed Stark
    A former Chief of the SEC’s Office of Internet Enforcement and a cybersecurity expert, John Reed Stark is a leading voice in crypto regulation and enforcement. He frequently writes detailed LinkedIn posts and op-eds analyzing the legal risks of crypto platforms, enforcement trends, and the implications of regulatory actions. His commentaries are widely followed by attorneys, regulators, and journalists.
    Twitter: @JohnReedStark

No matter where you start—books, podcasts, or trusted voices—the key is to keep learning and questioning. In crypto, your best investment is your own research.

Speaking of research, check out the 5 essential research skills every investor should have!

What Caring Parents Should Know About Crypto

Posted on by CryptoAttys

Here’s a scenario many parents might recognize.

It begins with a simple ping — a notification from a friend, a viral video, or a trending post that says, “Buy this coin. It’s going to the moon.”

At first, it seems harmless. Maybe even exciting. Your child is spending time on their phone — not just scrolling aimlessly, but digging into charts, following crypto influencers, joining online communities. They’re engaged. Focused. Maybe even making a bit of money. You think, Hey, at least they’re learning about finance.

But gradually, the mood shifts.

They’re up at odd hours watching price swings. They seem on edge — elated one day, anxious or irritable the next. Conversations about school or friends fade. They become secretive or start asking for money, saying it’s “just a quick investment opportunity.”

And now, you’re left wondering: Is this just part of growing up in a digital world—or is something deeper going on?

The Appeal and the Risks

Smartphones have made investing more accessible than ever before. With just a few taps on a screen, anyone—even a teenager—can open an account, buy and sell cryptocurrency, and track markets in real time. For a curious or ambitious young person, this level of access is both empowering and enticing.

Crypto isn’t just about digital money; it represents a thrilling mix of cutting-edge technology, the promise of fast profits, a sense of independence from traditional systems, and the adrenaline rush of high-stakes risk. It’s finance reimagined—and for some, it’s hard to resist.

This isn’t a niche hobby anymore:

  • Coinbase has over 100 million users worldwide
  • The total cryptocurrency market is valued at more than $3 trillion (May 2025)
  • 17% of American adults have engaged in crypto trading

The highest levels of participation? Men under 50—a demographic that overlaps closely with those most vulnerable to gambling-related issues.

Crypto and Gambling: Where the Lines Blur

Why compare crypto trading to gambling? Because the behaviors can look remarkably similar.

According to the American Psychiatric Association, gambling disorder is a diagnosable condition marked by repeated, problematic behavior that leads to serious consequences. Trading crypto can mimic this pattern:

  • Volatility: Crypto prices can change rapidly, creating emotional highs and lows
  • Speculation: Many decisions are based on tips or hype, not research
  • Risk-taking: The potential for massive gains can encourage reckless investment
  • Addiction-like behavior: Constant monitoring, chasing losses, and obsessing over the next big win

    Warning Signs for Parents to Watch For

    If you’re worried that your child may be engaging in risky or harmful crypto trading behavior, you’re not alone—and your concerns are valid. While curiosity and learning are a normal part of growing up, certain patterns can suggest that a healthy interest in cryptocurrency is becoming an unhealthy fixation.

    Here are some signs to watch for, along with what they might look like in everyday life:

    • Obsessive Focus on Crypto: Is your child constantly glued to their phone or computer, refreshing price charts, reading crypto news, or talking about coins you’ve never heard of? A deep dive into a new interest can be great—but when it dominates their time and attention at the expense of everything else, it may be cause for concern.

    • Emotional Ups and Downs: Sudden mood swings—excitement one moment, irritability or withdrawal the next—can be tied to the highs and lows of the crypto market. If your child seems unusually affected by market trends or news, it might be more than just passing interest.

    • Financial Strain or Secrecy: Have they started asking for money, selling personal items, or suddenly stopped talking about where their allowance or income is going? Sudden financial stress, or unusual secrecy about money, can indicate they’ve experienced losses—or are trying to chase them.

    • Neglecting Responsibilities: Take note if grades are slipping, they’re missing work or extracurriculars, or they’re pulling away from family and friends. A growing preoccupation with crypto can start to crowd out the things that used to matter most.

    • Isolation and Secrecy: Are they shutting down conversations, closing tabs when you walk by, or avoiding social activities? While privacy is natural for teens, a sudden shift in behavior—especially combined with other signs—can signal something deeper.

    • Impulsive or Risky Decisions: Trading based on rumors, meme hype, or influencer tips without understanding the risks is a red flag. If your child is making snap decisions without considering the consequences, especially with money, it’s worth addressing.

    Every young person is different, and not every sign means there’s a problem. But when these behaviors begin to add up—or significantly impact their well-being—it might be time to start a conversation.

    How Parents Can Help

    The most important thing you can offer your child in this situation is empathy.

    Approaching them with understanding, rather than judgment, sets the stage for honest and constructive communication. Avoid accusations, ultimatums, or harsh criticism—these often lead to defensiveness and shut down the very conversations that need to happen. Instead, try to open a genuine dialogue. Let them know your concern comes from a place of love, not control. Ask open-ended questions, listen without interrupting, and resist the urge to shame, scold, or lecture.

    Sometimes, just knowing that someone is willing to listen without judgment can be the first step toward healing.

    If someone you care about is acting in a way that seems out of control, stressful, or harmful to themselves or others—like spending too much money, cutting people off, or seeming emotionally overwhelmed—it might be a good time to gently suggest they talk to a mental health professional. Try to find someone who understands things like tech addiction or the effects of online life, since they’ll be more familiar with what’s going on.

    This is not medical advice—just general information. If you’re worried about someone, it’s always best to consult a qualified mental health provider.

    Psychology Today offers a powerful therapist directory tool that makes it easy to search for licensed professionals based on location, specialty, insurance, and therapeutic approach—helping you and your child find the right support, faster.

    You’re Not Alone

    It’s not easy for parents in the digital age. New trends, platforms, and risks emerge faster than ever. But your concern is valid, and your support can make a lasting difference.

    If you suspect your child is struggling, trust your instincts, reach out for help, and know that recovery and support are always possible.

    This article is for general informational purposes and is not a substitute for professional medical advice. Always consult a qualified healthcare provider regarding mental or behavioral health concerns. In an emergency, call 911.

    Pardon Me?

    Posted on by CryptoAttys

    Pardon me, have you heard about all the recent crypto-related presidential pardons?

    A presidential pardon is a significant authority granted to the President of the United States by the U.S. Constitution, allowing for the forgiveness of federal crimes. Once issued, a pardon can’t be overturned. Not by Congress. Not by the courts. 

    Historical Context of Pardons

    Controversial pardons aren’t a new thing. In 1974, President Gerald Ford pardoned former President Richard Nixon after the Watergate scandal. Some people thought it helped the country move on, while others believed it let him escape punishment.

    In 2001, President Bill Clinton pardoned financier Marc Rich, who had left the U.S. to avoid charges like tax evasion and illegal trading. That decision was criticized by people who questioned whether it was fair and whether the pardon process was being used properly.

    Recent Crypto Industry Pardons

    In 2025, President Donald Trump pardoned several figures from the cryptocurrency industry who had been convicted of violating U.S. financial laws, including:

    • Arthur Hayes (BitMEX): As CEO and co-founder of BitMEX, Hayes pleaded guilty in 2022 to violating the Bank Secrecy Act (BSA) by failing to implement an adequate anti-money laundering (AML) program at the exchange. He received a sentence that included six months of home confinement, two years of probation, and a $10 million fine. President Trump granted him a full pardon on March 28, 2025.
    • Benjamin Delo (BitMEX): Also a co-founder of BitMEX, Delo faced similar charges and, in 2022, pleaded guilty to BSA violations due to the company’s insufficient AML protocols. His sentence comprised 30 months of probation and a $10 million penalty. He was pardoned on March 28, 2025.
    • Samuel Reed (BitMEX): Serving as BitMEX’s Chief Technology Officer, Reed admitted in 2022 to BSA violations related to the platform’s AML deficiencies. He was sentenced to 18 months of home detention, two years of probation, and a $10 million fine. President Trump issued his pardon on March 28, 2025.
    • Gregory Dwyer (BitMEX): As Head of Business Development for BitMEX, Dwyer pleaded guilty to BSA violations and was sentenced to one year of home detention and a $1.5 million fine. He received clemency on March 28, 2025.
    • Ross Ulbricht (Founder, Silk Road): Founder of the Silk Road online marketplace, Ulbricht was convicted in 2015 on multiple (and all) charges, including conspiracy to commit money laundering, computer hacking, and narcotics trafficking, resulting in a life sentence without parole. President Trump granted him a full pardon on January 21, 2025.
    • Trevor Milton: Founder of Nikola Corporation, Milton was convicted of securities fraud for misleading investors about the company’s technological capabilities. He was sentenced to four years in prison and ordered to repay investors. President Trump pardoned him on March 28, 2025. 

    In August, The New York Times reported that Changpeng “CZ” Zhao, the former CEO of Binance, was also seeking a presidential pardon. 

    2025 Cryptocurrency Policy Shifts

    There have also been notable changes in the U.S. government’s approach to cryptocurrency regulation:

    Tornado Cash Sanctions Lifted

    On March 21, 2025, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) officially removed sanctions against Tornado Cash, a decentralized tool used to mix cryptocurrency. The decision came after a federal appeals court ruled that the Treasury went beyond its legal powers when it originally imposed the sanctions.

    National Cryptocurrency Enforcement Team (NCET) Disbanded

    The U.S. Department of Justice announced the dissolution of the NCET on April 8, 2025. This decision reflects a strategic shift to focus on prosecuting individuals who use digital assets for serious crimes, such as terrorism and human trafficking, rather than pursuing regulatory violations in the cryptocurrency space.

    Securities and Exchange Commission (SEC) Enforcement Changes

    The SEC has recently dismissed or paused several high-profile cases involving cryptocurrency firms, indicating a move towards regulatory clarity and collaboration with the digital asset industry. Notable changes to ongoing activities include:

    SEC Ends Coinbase Action

    On February 27, 2025, the SEC and Coinbase agreed to end the ongoing lawsuit, officially dismissing the case.

    Ripple Labs

    On March 19, 2025, Ripple Labs shared that the SEC dropped its appeal in the XRP case, bringing the legal battle to a close.

    Kraken

    In March 2025, the SEC decided to withdraw its lawsuit against Kraken, which had accused the exchange of operating without proper registration.

    Gemini

    The SEC and Gemini asked for a 60-day pause in their legal case to try and reach a settlement over the Gemini Earn program.

    Uniswap Labs

    The SEC closed its investigation into Uniswap Labs without pursuing enforcement action, as announced in February 2025.

    Robinhood Crypto

    Robinhood announced in February 2025 that the SEC’s Enforcement Division had closed its investigation into the company’s crypto arm without pursuing enforcement action. 

    Consensys

    Consensys reached an agreement in principle with the SEC, leading to the withdrawal of the enforcement case related to its MetaMask wallet.

    So What?

    The government is easing up on enforcing rules, letting some well-known people in the crypto world off the hook, and pulling back from strict oversight. This marks a big change in how the U.S. handles cryptocurrency and virtual assets.

    This shift raises big questions:

    • In a world where money moves without a central bank, how will crimes be caught and punished? Said differently, who will enforce the rule of law?
    • What protections will keep people, markets, and the country safe?
    • Is the U.S. giving up the safeguards it created after the Great Depression to stop another financial disaster?

    We’re watching these answers play out right now—and they could shape the future of money, security, and personal freedoms.

    Want to keep learning? There are five things you need to know about crypto scam centers. 

    Austin LOVES Crypto: What Savvy Lawyers Need to Know

    Posted on by CryptoAttys

    Austin, Texas has quickly become a major hub for cryptocurrency, attracting a diverse mix of tech enthusiasts, investors, and startups. Known for its innovative spirit and supportive business climate, it offers a unique environment for entrepreneurs. The city’s vibrant tech community, combined with a welcoming approach to new technology, has made it a top destination for those working in digital assets.

    Austin’s Crypto Culture

    Austin’s tech-friendly environment has long been a magnet for innovation. The city’s unique blend of creativity, entrepreneurship, and technology has fostered a community that’s enthusiastic about blockchain’s potential. With a supportive local government, ample venture capital, and a collaborative atmosphere, Austin has positioned itself as a rising star in the crypto world.

    Key Crypto Events in Austin

    Austin’s influence in the crypto space is further solidified by a lineup of high-profile events that attract thought leaders, developers, and investors from around the world:

    • South by Southwest (SXSW): While SXSW is primarily known as a music, film, and interactive media festival, it has increasingly become a platform for discussions about emerging technologies, including blockchain and cryptocurrency. 

    • Texas Blockchain Summit: This annual event gathers leaders from the blockchain and crypto industries, along with policymakers and regulators, to discuss key developments and challenges in the sector. Topics often include regulatory compliance, the future of digital assets, and the impact of blockchain on various industries. 

    • Consensus (occasionally held in Austin): As one of the largest blockchain and cryptocurrency conferences in the world, Consensus sometimes includes Austin as a venue, attracting a global audience of investors, developers, and innovators. This event offers valuable networking opportunities and serves as a platform for legal professionals to engage with new blockchain projects and stay updated on industry trends.

    These events reflect Bat City’s growing reputation as a center for crypto and present local legal professionals with unique opportunities to connect with potential clients.

    Pro-Business Policies and Blockchain-Friendly Legislation

    Texas is known for its pro-business environment, and Austin, as the state capital, benefits from a regulatory framework that is particularly accommodating to tech startups, including those in the crypto space. Texas offers various incentives for businesses, such as:

    • No State Income Tax: Texas is one of the few states with no income tax, which is a significant draw for entrepreneurs and tech workers. This tax advantage attracts companies and top talent looking for a more favorable financial environment, making Austin an ideal location for startups.

    • Technology Development Incentive Programs: Texas offers programs such as the Texas Enterprise Fund (TEF) and the Skills Development Fund, which provide grants to businesses and organizations that create jobs and invest in workforce training. These programs support startups by offering financial resources for growth and development.

    • State Support for Blockchain: In 2021, Texas passed House Bill 1576, which established a blockchain working group to evaluate and promote blockchain technology in the state. The bill reflects Texas’ openness to blockchain technology and a commitment to creating a business-friendly environment for crypto companies.

    The state’s supportive regulatory climate provides a foundation for Austin’s burgeoning crypto scene, offering lawyers ample business development opportunities as companies navigate the evolving landscape of blockchain law and compliance.

    Legal Considerations in Austin’s Crypto Scene

    As Austin’s crypto ecosystem expands, so do the legal complexities associated with blockchain technology and digital assets. Legal professionals in the city are well-positioned to provide services in key areas such as:

    Regulatory Compliance and Securities Law

    As in other U.S. states, Texas requires crypto businesses to comply with federal securities laws and anti-money laundering (AML) regulations. For lawyers in ATX, the growth of crypto businesses presents opportunities to assist clients with regulatory compliance, securities registration, and guidance on state-specific regulations.

    The expansion of crypto into mainstream finance also raises issues related to consumer protection, particularly as retail investors enter the market. Legal professionals specializing in securities law can help clients navigate federal and state regulations, ensuring that token offerings and investment schemes meet legal standards.

    Intellectual Property and Data Privacy

    Cryptocurrency brings unique challenges related to intellectual property rights and data privacy. For Austin-based lawyers, this is an area ripe for specialization.

    Attorneys who develop expertise in intellectual property law can support clients in safeguarding their technologies and maintaining regulatory compliance.

    Austin City (Without) Limits

    Austin’s burgeoning crypto scene offers considerable opportunities for lawyers seeking to grow their practices. By specializing in Texas’ regulatory landscape, lawyers can position themselves as trusted advisors in this emerging practice area.

    Austin’s tech-forward culture and status as a crypto hub make it a fertile ground for attorneys to carve out a niche. The city’s mix of creativity, entrepreneurship, and innovation ensures that legal professionals who develop expertise in digital assets will find ample opportunities to thrive in Austin’s competitive market.

    As the city continues to attract innovators, attorneys who stay at the forefront of crypto regulation and consumer protection will be well-equipped to seize the opportunities presented by this vibrant tech ecosystem.

    Curious about other crypto hubs? Don’t miss our guides to Denver, Miami, NYC, and SF!

    Denver LOVES Crypto: What Savvy Lawyers Need to Know

    Posted on by CryptoAttys

    Denver, Colorado is fast becoming one of the most business-friendly crypto hubs in the U.S., attracting blockchain startups, investors, and digital asset innovators. With a thriving tech community, supportive state policies, and a packed calendar of industry events, the Mile High City is positioning itself as a leader in cryptocurrency adoption and blockchain development.

    For attorneys, this growth presents a rare mix of legal challenges and business development opportunities in areas such as securities regulation, compliance, and consumer protection.

    Denver’s Tech-Friendly Crypto Culture

    Denver’s crypto ecosystem thrives on its openness to innovation. Local government initiatives have explored blockchain applications for public records, election transparency, and smart governance, creating a climate where both startups and investors feel welcome.

    Major Blockchain & Crypto Events in Denver

    These high-profile events cement Denver’s place in the global crypto conversation:

    ETHDenver

    The largest Ethereum-focused hackathon and conference in the world, ETHDenver brings together developers, investors, and founders for workshops, panels, and hands-on projects in decentralized application (dApp) development.

    Denver Blockchain Week

    A deep dive into blockchain’s role across finance, healthcare, and supply chain — with sessions on compliance, regulation, and investor protection.

    Denver Startup Week

    While broader in scope, Denver Startup Week often highlights cryptocurrency innovation and connects blockchain startups with the wider tech community.

    Navigating Colorado’s Business Climate

    Colorado isn’t just a great place to live and ski — it’s also becoming a magnet for blockchain entrepreneurs. Denver’s combination of a vibrant tech community, supportive business climate, and growing pool of legal and financial professionals makes it an attractive hub for startups in the digital asset space.

    The city’s culture of innovation, paired with Colorado’s proactive approach to consumer protection and regulatory clarity, creates a balanced environment where blockchain ventures can grow while investors and consumers are safeguarded.

    Many also enjoy Colorado’s:

    • Lower cost of living compared to New York or California

    • Skilled and growing tech talent pool

    • Statewide policies supporting innovation

    Pro-Business, Pro-Crypto State Policies

    • Colorado Digital Token Act (2019): Exempts some tokens from state securities laws

    • Enterprise Zone Tax Credits: Incentives for job creation and R&D

    • Colorado FIRST & Job Training Grants: Funding to upskill tech and finance workers

    • Advanced Industry Accelerator Program: Financial support for companies in emerging technologies

    State Blockchain Initiatives

    Colorado has embraced blockchain not only in policy but in practical applications:

    • Blockchain pilots for digitizing records

    • Options for overseas and military voting

    • Methods for accepting tax payments

    Opportunities at Elevation

    With blockchain adoption comes complex legal needs, particularly in:

    • Securities Compliance
      Determining whether tokens qualify as securities and ensuring that token offerings comply with both federal and state securities laws.

    • Consumer Protection
      Addressing investment fraud, scams, and investor risk—now including oversight of cryptocurrency ATMs (virtual currency kiosks). New Colorado legislation (the Colorado Vending of Digital Assets Act, signed into law in 2025) establishes:

      • A $2,000 daily transaction limit for new crypto ATM users.

      • Required printed and electronic receipts for every transaction.

      • A refund obligation for a user’s first transaction if it turns out to be fraudulent and involve an overseas wallet or exchange.

      These measures reflect a growing emphasis on safeguarding consumers—particularly vulnerable populations—from kiosk-based scams. For Denver attorneys, this opens the door to a range of proactive and reactive legal services.

    • Intellectual Property
      Protecting blockchain-based innovations—whether in code, system design, or trademarks—while navigating unique considerations such as open-source licensing and decentralized development.

    Attorneys who develop expertise here can serve startups, investors, and established tech firms navigating the regulatory landscape.

    Colorado’s Crypto Future

    Denver’s unique mix of policy support, talent, and events makes it one of the most promising U.S. cities for blockchain growth. For legal professionals, this is a prime moment to engage with the local crypto community, develop niche expertise, and build long-term client relationships in a market that’s only gaining momentum.

    Curious about other crypto hubs? Don’t miss our guides to Austin, Miami, NYC and SF!

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