Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 264

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 264
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fork in the future. If a fork of the bitcoin blockchain occurs and our Bitcoin Service Providers provide access to a forked asset, we
intend to retain the forked assets that are created as a result of our proprietary bitcoin. Any forked assets corresponding to our customers’
bitcoin holdings would be managed by our Bitcoin Service Providers in accordance with their policies. We will cooperate with our Bitcoin
Service Providers in connection with their distribution of any forked assets corresponding to our customers’ bitcoin, solely to
the extent our involvement is requested by a Bitcoin Service Provider. Prior to undertaking any such involvement in the distribution or
other action by a Bitcoin Service Provider in respect of any forked assets, we would take steps to seek to ensure that any actions we
may take would be in compliance with applicable law, including federal securities laws, which steps may include, among others, (i) communicating
regularly with the Bitcoin Service Providers regarding their legal analysis pertaining to forked assets and any distribution thereof,
(ii) staying abreast of developments regarding treatment of cryptocurrencies, including forked assets, under applicable securities laws,
(iii) consulting with legal counsel regarding the specific facts and circumstances pertaining to the legal status of any forked asset
and (iv) seeking guidance and clarification from applicable government regulators, including the SEC, with respect to the legal status
of any forked asset. If a fork occurs and one of our Bitcoin Service Providers determines not to support one of the assets created as
a result of the fork, this could cause us or our customers to miss an opportunity regarding a new digital asset. In addition, any suspension
of services ahead of a fork could cause customer complaints and cause us to be exposed to liability, even in circumstances where we do
not have the ability to alter a Bitcoin Service Provider’s policy regarding a fork. To the extent a forked asset is determined to
be a “security” under applicable federal securities laws, any distribution of such forked asset would expose the distributor
thereof to significant liability under such laws. For additional information regarding the risks and liabilities associated with uncertainty
regarding the status of bitcoin and other cryptocurrencies as a “security,” please see the risk factor above entitled “Bitcoin’s
status as a “security” in any relevant jurisdiction, as well as the status of our Bitcoin-related products and services, is
subject to a high degree of uncertainty and if we are unable to properly characterize a product or service offering, we may be subject
to regulatory scrutiny, inquiries, investigations, fines