COINBASE sues the SEC

[GENERAL] Name and surname of main applicant

Jhonatan Smith Gutierrez Torrres

[GENERAL] Email address of main applicant

jsgutierreztorres@gmail.com

Additional applicants

N/A

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

Yes

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source

[METADATA] Category of Proposal

Standards and Regulation

[METADATA] SDG rating

3 - Ensure healthy lives and promote well-being for all at all ages

8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

10 - Reduce inequality within and among countries

16 - Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

[IMPACT] Please describe your proposed solution.

Working on clear regulation for cryptocurrencies in Colombia will benefit the 5 million crypto users in the country and the 10th-ranked country in global transactions, achieving better regulation at the Latin American and global levels

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

This is a legal product and therefore it is suitable to participate in this challenge. This project will help the CARDANO community in Colombia because CARDANO is the 3rd most traded cryptocurrency in the country

[IMPACT] How do you intend to measure the success of your project?

The success of this project will be measured by: 1) Conducting 3 legal studies, 2) submitting the legal petition to the financial regulator for clear regulation, 3) receiving a response from the financial regulator regarding the legal petition, 4) contributing to the legal regulation of cryptocurrencies in Colombia

[IMPACT] Please describe your plans to share the outputs and results of your project?

In this project, we will conduct 3 legal investigations and submit a petition to the financial regulator of Colombia. Therefore, I will send you 4 documents: 1) a legal analysis of the Colombian Constitution, 2) a legal investigation of the Financial Statute of Colombia, 3) a legal investigation of the regulations that protect and contribute to innovation in Colombia, 4) the legal petition to the financial regulator of Colombia requesting the issuance of clear cryptocurrency regulations

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

I am a lawyer with a Master's degree and several years of professional experience, specializing in cryptocurrency regulation, and I also have experience in the Catalyst project. My LinkedIn profile is: https://www.linkedin.com/in/jhonatan-gutierrez-448507185

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The objectives of this project are: 1) to contribute to the regulation of cryptocurrencies in Colombia, 2) to contribute to the CARDANO ecosystem, 3) to contribute with legal work to cryptocurrencies worldwide. I am going to follow the example of COINBASE, who sued the SEC to obtain clear regulation and help with the legal regulation of cryptocurrencies worldwide

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

This project has 4 milestones to achieve: 1) a legal analysis of the Colombian Constitution, 2) a legal investigation of the Financial Statute of Colombia, 3) a legal investigation of the regulations that protect and contribute to innovation in Colombia, 4) the legal petition to the financial regulator of Colombia requesting the issuance of clear cryptocurrency regulations

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

This project has 4 deliverables, 1 deliverable for each milestone: 1) a legal document with the analysis of the Colombian Constitution, 2) a legal document with the investigation of the Financial Statute of Colombia, 3) a legal document with the investigation of the regulations that protect and contribute to innovation in Colombia, 4) a legal document with the legal petition to the financial regulator of Colombia requesting the issuance of clear cryptocurrency regulations

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

To complete this project, the professional work of the main proposer, who is a lawyer, will be required as follows: 8 hours per day on business days for 3 months at a rate of 44 USD per hour = 8 x 60 x 44 = 21,120 USD (or approximately 70,000 ADA)

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

This project contributes with a high positive impact in Colombia and for CARDANO because regulation is a crucial and important topic for the entire crypto ecosystem and for a country that has CARDANO as the third most traded cryptocurrency and the 10th country in global transactions worldwide. It is also a low-cost project

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept