Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 71

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 71
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 the Gramm-Leach Bliley Act (the “GLBA”). The GLBA regulates, among other things,
the use of certain information about individuals (“non-public personal information”) in the context of the provision of financial
services, including by banks and other financial institutions. The GLBA includes both a “Privacy Rule,” which imposes obligations
on financial institutions relating to the use or disclosure of non-public personal information, and a “Safeguards Rule,” which
imposes obligations on financial institutions and, indirectly, their service providers to implement and maintain physical, administrative
and technological measures to protect the security of non-public personal financial information. Any failure to comply with the GLBA could
result in substantial financial penalties. Moreover, in recent years, regulators such as the CFPB have proposed rulemaking packages focused
on implementing additional oversight on large nonbank payment companies, including digital wallet services, which could indirectly affect
our business. Increased regulatory scrutiny on data use and consumer protection practices in this industry may require us to adjust our
data management protocols and modify our partnerships with digital wallets and payment apps that fall under the new regulations, potentially
impacting our business, results of operations, and financial condition.

Further, laws, regulations, and
standards covering marketing, advertising, and other activities conducted by telephone, email, mobile devices, and the internet may be
or become applicable to our business, such as the Federal Communications Act, the Federal Wiretap Act, the Electronic Communications Privacy
Act, the Telephone Consumer Protection Act (the “TCPA”), the Controlling the Assault of Non-Solicited Pornography and Marketing
Act of 2003 (the “CAN-SPAM Act”), and similar state consumer protection and communication privacy laws, such as California’s
Invasion of Privacy Act.

Even though we believe we and
our vendors are generally in compliance with applicable laws, rules and regulations relating to privacy and data security, these laws
are in some cases relatively new and the interpretation and application of these laws are uncertain. Any failure or perceived failure
by us to comply with data privacy laws, rules, regulations, industry standards and other requirements could result in proceedings or actions
against us by individuals, consumer rights groups, government agencies, or others. We could incur significant costs in investigating and
defending such claims and, if found liable, pay significant damages or fines or be required to make changes to our business. Further,
these proceedings and any subsequent adverse outcomes may subject us to significant negative publicity and an erosion of