Crypto Payments of $10k or More: A Deep Dive into Form 8300

Cryptocurrency is making the news every single day for a myriad of reasons. I wanted to shed light on one important update that might have gotten lost in the weeds: beginning January 1st, 2024, tax information reporting for cryptocurrency transactions will experience a significant expansion. This new development stems from President Biden’s Infrastructure Investment and […]

DAO – The Most Expensive Entity Structure Known to Man

I imagine only a handful of attorneys out there took a deep dive into COALA’s Model Law for DAOs (ML). For those that don’t have the stomach to review 51 pages of model statutes and discussion, the gist of it is a proposed framework for granting legal personality to unregistered DAOs, without any level of […]

“Can I Venmo You For That?” …Umm, maybe not?

Most people these days have a small business or a side hustle. If you don’t, I can almost guarantee that you purchase services or goods from someone who does. I’d estimate that about 75% of my friends either have a side hustle in addition to their full time job, or a small business as their […]

Is there a legal strategy for shutting down counterfeit altcoins? (TLDR: sort of.)

When distribution becomes cheaper and easier, so does counterfeiting–and crypto is no exception. Prior to 2019, crypto trading was largely limited to centralized exchanges like Binance, Coinbase, and Kraken. To get a crypto asset listed, a developer would have to go through an oftentimes-rigorous application process. Ultimately, it was up to the exchange to decide […]

OCR works great…until it doesn’t

Even if you don’t know what OCR stands for, you probably interact with it all the time.  “Optical character recognition”–or, in laymen’s terms, text recognition–has become ubiquitous in modern hardware and software.  Did you scan a document recently?  Chances are, your scanner (or scanner app) used OCR to create a searchable text layer.  OCR is […]

Motion to take the “currency” out of cryptocurrency

Blockchain is so much bigger than Bitcoin. Crypto is so much bigger than currency. Yet all the average person knows about crypto is that it’s an alternative form of payment–a poor alternative, the naysayers argue, given its trading price volatility. (Unlike the U.S. dollar…? That statement may not age well ¯\_(ツ)_/¯ ) Crypto’s potential as […]

Work/Life Balance at a Law Firm?! Yes, Pigs Are Flying…

“Campbell Teague was built to operate 100% remote from day one. We remain open without interruption.” If you’ve ever gotten an email from us, you may have noticed this with our signatures in 2020 when the world started shutting down. Now that the world is beginning to open back up and companies are heading back […]

Blockchain for dummies

Ever try reading the Bitcoin white paper?  Feel like a dummy afterward?  This post is for you!  Blockchain doesn’t have to be confusing or intimidating.  You also don’t need to understand technology.  To prove it, let’s take this discussion to one of the most low-tech places there is: prison. This prison has gangs—15 of them. […]