Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 276

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 276
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 that is considered “sensitive” under such laws (collectively, “Personal Information”), from and about
actual and prospective users, as well as our employees, business contacts, and other individuals. We also depend on a number of third
party vendors and partners (including digital wallet providers, cryptocurrency payment processors, financial institutions, retail partners,
and security and compliance providers) in relation to the operation of our business, a number of which process Personal Information on
our behalf.

We and our vendors are subject to a variety of federal
and state data privacy laws, rules, regulations, industry standards and other requirements, including those that apply generally to the
handling of Personal Information, and those that are specific to certain industries, sectors, contexts, or locations. These requirements
and their application and interpretation are constantly evolving. It is also possible that new laws, regulations and other requirements,
or amendments to or changes in interpretations of existing laws, regulations and other requirements (especially related to the regulation
of cryptocurrency and related assets), may require us to incur significant costs, implement new processes, or change our handling of information
and business operations, which could ultimately hinder our ability to grow our business by extracting value from our data assets.

For example, in the United States, the FTC
and state regulators enforce a variety of data privacy issues, such as promises made in privacy policies or failures to appropriately
protect information about individuals, as unfair or deceptive acts or practices in or affecting commerce in violation of the Federal Trade
Commission Act or similar state laws. The FTC expects a company’s cybersecurity measures to be reasonable and appropriate in light
of the sensitivity and volume of consumer information it holds, the size and complexity of its business, and the cost of available tools
to improve security and reduce vulnerabilities.

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In addition, in recent years, certain states
have adopted or modified data privacy and security laws and regulations that may apply to our business. For example, the California Consumer
Privacy Act (“CCPA”) requires businesses that process personal information of California residents to, among other things:
provide certain disclosures to California residents regarding the business’s collection, use, and disclosure of their personal information;
receive and respond to requests from California residents to access, delete, and correct their personal information, or to opt-out of
certain disclosures of their personal information; and enter into specific contractual provisions with service providers that process
California resident personal information on the business’s behalf.

The enactment of the CCPA has prompted a wave of
similar legislative developments in