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EP. 17 Crypto Regulation in Limbo with Ruslan Usmanov - CEO&Founder of TX Legal
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In this episode, we sit down with Ruslan, CEO and founder of TX Legal, to talk about the legal minefield of crypto, the early days of Ethereum trading, and what founders keep getting wrong when launching Web3 products.
You’ll hear stories from 2017 bull runs, deep regulatory battles, and why even the best teams often miss the basics of compliance.
We go deep on:• How Ruslan got into crypto through Austrian economics• His early trades on Ethereum at $40• What most startups get completely wrong about launching a token• Why crypto lawyers are the new therapists• Whether the EU’s MiCA law will fix the mess — or just create new ones
Timecodes:
00:00 — Welcome back: legal talk with a crypto native06:30 — His first ETH trade and falling down the rabbit hole12:51 — Why TX Legal was born (and why the work won’t stop)19:18 — “Do I need a license?” — most common founder mistake25:37 — The meme token that changed regulation forever32:03 — You don’t need a lawyer (yet)… or do you?38:59 — Monetization and the blurry line of compliance44:52 — Why power always gets centralized — even in crypto51:21 — On VCs, founders, and the myth of pure decentralization57:47 — Legal gray zones: high risk, high reward1:04:07 — “I’m not gonna rug you” — on founder responsibility1:10:36 — Real-world crypto use: Brazil, Venezuela, survival1:16:56 — Arbitraging central banks? Welcome to 2025
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