Bitcoin Foundation's Legal Defense Fund and Regulatory Outlook
On July 9th, Jon Matonis acceptedthe position of Executive Director of theBitcoin Foundation. Jon Matonis is a tech contributor toForbes Magazine, editor of The Monetary Future, and also serves on our editorial board at Bitcoin Magazine. Previously Jon was the CEO of Hushmail and Chief Forex Trader at VISA. How the Bitcoin Foundation will move forward on....
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The Bitcoin Foundation has created three legal committees to offer help and guidance to businesses and individuals in the digital currency space. Mike Hearn has been announced as the chairman of the Law and Policy Steering Committee while Marco Santori is chairman of the Regulatory Affairs Committee and Brian Klein is chairman of the Legal Defense Committee. "We're putting together a team of people to engage regulators across the country in a conversation - to try and be proactive about bitcoin education," said Santori. He explained the committees are trying to get people from every US....
Jack Dorsey has announced the launch of a bitcoin defense fund that is aimed at bitcoin developers who are facing litigation. The space, although still new, has had its fair share of litigation as various devs have had to battle it out in the courts over their products. This fund will help to fund provide legal defense for these developers who otherwise would have folded due to lack of funds. Backing Up Bitcoin Developers In an email sent out to the bitcoin developers’ mailing list, Twitter ex-CEO Jack Dorsey announces the establishment of the Bitcoin Defense Fund. The fund was a....
The fund will help provide a legal defense for Bitcoin developers and will include a team of volunteers and part-time lawyers. Former Twitter CEO and founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex.The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 00:13:45 UTC on Jan. 12 from an email address appearing to belong to Dorsey. Cointelegraph reached out to the board members to confirm the email’s legitimacy but....
A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.” Dorsey’s letter is also signed by Alex Morcos of Chaincode Labs and Martin White, the co-founder of Hudson River Trading.
Jack Dorsey’s Open Letter to the Bitcoin Developers Mailing List Reveals Bitcoin Legal Defense Fund
According to an open letter from Jack Dorsey, Alex Morcos,....
The initiative seeks to minimize legal headaches that discourage software developers from actively contributing to Bitcoin.