This session provided a comprehensive discussion on blockchain regulation and its impact on Black communities and Black-owned businesses. Panelists emphasized the current regulatory ambiguity, highlighting the lack of a singular agency with comprehensive authority. They stressed the significant role of the SEC, especially regarding fundraising compliance, and discussed upcoming laws like the Corporate Transparency Act, which mandates registration with FinCEN to combat financial fraud. The conversation also explored challenges around privacy, government surveillance, and the evolving digital economy, including the introduction of Central Bank Digital Currencies (CBDCs) and their potential effects on financial privacy. Panelists underscored the importance of education, legal guidance, and proactive compliance for small businesses navigating this complex landscape. Overall, the session combined legal insights, personal experiences, and forward-looking considerations to prepare entrepreneurs and communities for the regulatory realities of the blockchain space.
