Cryptocurrency Agreement Compliance Tips

Summary

The document outlines an educational relationship for cryptocurrency and DeFi knowledge, emphasizing that the provider is not a financial advisor and does not manage funds. It includes various payment options for educational services and a mutual confidentiality agreement. The document is clear in stating the providers role is strictly educational, which is crucial to avoid regulatory issues. It is recommended to consult a licensed attorney to ensure compliance with Texas and federal regulations, particularly regarding the SEC and investment management activities. Explicitly stating that the provider will not participate in decision-making or handling of funds can further secure the arrangement.

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They both live in Texas and they want to have an agreement that is transparent, easy to read and understand, and keeps them both out of legal trouble from state finance and with Federal authorities and/or the SEC. Please summarize the document and add your opinion if it meets the legal standard and add or make changes as you see fit considering you are a 30 year seasoned veteran attorney.
Here's a concise summary and opinion on the document:
Summary:
- Purpose: Educational relationship for cryptocurrency and DeFi knowledge.
- Scope: Education only; no financial advice or fund management.
- Compensation: Various payment options for educational services.
- Disclosures: Provider is not a financial advisor; Client assumes all risks.
- Confidentiality: Mutual agreement on confidentiality.
- Risk Acknowledgment: Client acknowledges all risks involved in DeFi activities.
Opinion:
- The document is clear in stating that the service provider does not offer financial advice or manage funds, which is vital for avoiding regulatory issues.
- The agreement should emphasize that the provider’s role is strictly educational to avoid any implications of investment management.
- Consider consulting with a licensed attorney to ensure the agreement complies with Texas and federal regulations, especially regarding the SEC and investment management activities.
For a more secure arrangement, it may be beneficial to explicitly state that the provider will not participate in any decision-making or handling of funds.