Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 231

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 231
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 provide access to our products and services to sanctioned parties or jurisdictions
in the future.

20

Regulators worldwide frequently study each other’s
approaches to the regulation of the cryptoeconomy. Consequently, developments in any jurisdiction may influence other jurisdictions. New
developments in one jurisdiction may be extended to additional services and other jurisdictions. As a result, the risks created by any
new law or regulation in one jurisdiction are magnified by the potential that they may be replicated, affecting our business in another
place or involving another service. Conversely, if regulations diverge worldwide, we may face difficulty adjusting our products, services,
and other aspects of our business with the same effect. These risks are heightened as we face increased competitive pressure from other
similarly situated businesses that engage in regulatory arbitrage to avoid the compliance costs associated with regulatory changes.

The complexity of U.S. federal and state and
international regulatory and enforcement regimes, coupled with the global scope of our operations and the evolving global regulatory environment,
could result in a single event prompting a large number of overlapping investigations and legal and regulatory proceedings by multiple
government authorities in different jurisdictions. Any of the foregoing could, individually or in the aggregate, harm our reputation,
damage our brand and business, and adversely affect our operating results and financial condition. Due to the uncertain application of
existing laws and regulations, it may be that, despite our regulatory and legal analysis concluding that certain products and services
are currently unregulated, such products or services may indeed be subject to financial regulation, licensing, or authorization obligations
that we have not obtained or with which we have not complied. As a result, we are at a heightened risk of enforcement action, litigation,
regulatory, and legal scrutiny which could lead to sanctions, cease and desist orders, or other penalties and censures which could significantly
and adversely affect our continued operations and financial condition.

We may be subject to material litigation, including individual
and class action lawsuits, as well as investigations and enforcement actions by regulators and governmental authorities. These matters
are often expensive and time consuming, and, if resolved adversely, could harm our business, financial condition, and operating results.

We may from time to time become subject to claims,
arbitrations, individual and class action lawsuits with respect to a variety of matters, including employment, consumer protection, advertising,
and securities. In addition, we may from time to time become subject to, government and regulatory investigations, inquiries, actions
or requests, other proceedings and enforcement actions alleging