What Regulators Actually Think About Bitcoin: A Compliance Chief on RIAs, Cold Card, and Debanking
Bitcoin for Financial Services PodcastState regulators may be far more relaxed about Bitcoin in client portfolios than the federal headlines suggest.
Jordan and Wyatt sit down with Mark Dempsey, founder of Crypto Regulatory Solutions. Mark started at FINRA, became chief compliance officer for Navy Federal’s RIA and broker-dealer, and now advises Bitcoin-focused investment advisors and funds. He explains how regulators treat Bitcoin as one more asset class under fiduciary duty, why documentation matters more than the allocation percentage, and what the Cold Card failure means for vendor due diligence and disclosure. They also cover the Clarity Act, the de minimis tax exemption, mining revenue recognition, why the states may move first, KYC/AML and the “honeypot” problem, offshore fund structures, Choke Point 2.0 and debanking, and whether advisors are hiding behind a narrow reading of fiduciary duty.
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Guest: Mark Dempsey
Crypto Regulatory Solutions
Website: cryptoregulatorysolutions.com
Host Links
Wyatt O’Rourke
Website: basilic.io
Jordan Guess
LinkedIn: linkedin.com/in/jordan-guess-cpa
Website: bitment.co
Bitcoin Financial Services Media
Website: bffs.media
YouTube: @bffs_media
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