Transcript Ep. 540: Friend.tech: The Legal and Tax Ins and Outs of This Year’s Hottest Crypto App

J.W. Verret:

If I were defending, let's say, some key creator on Friend.tech, what would the SEC try to claim? I think it would be very hard for them to claim security status.

Laura Shin:

Hi, everyone. Welcome to Unchained, your no-hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full-time. This is the September 5th, 2023 episode of Unchained.

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Today's topic is legal and tax issues around Friend.tech. Here to discuss are J.W. Verret, Associate Professor of Law at George Mason Law School, and Jason Schwartz, tax partner and co-head of the Digital Assets and Blockchain Practice at Fried Frank. Welcome, J.W. and Jason. 

Jason Schwartz:

Good to be here.

J.W. Verret:

Good to be here, Laura.