Blockchain
Representative Matters
Our extensive experience in advising clients includes having represented:
Transactional
- Representing Avalanche Foundation concerning the disposition of AVAX tokens in connection with Terraform Labs bankruptcy plan
- Represented Mattereum, a UK platform enabling tokenization of real world assets, in its first U.S. token issuance
- Represented Apex Fintech Solutions Inc. in its sale of Apex Crypto LLC to Bakkt Marketplace, LLC
- Represented Cboe Global Markets, Inc. in its acquisition of Eris Digital Holdings, LLC, an operator of a U.S.-based digital asset spot market, a regulated futures exchange and a regulated clearing house
- Representing Fiserv in connection with a strategic alliance to offer NYDIG services to bank customers
- Represented Oasis Pro Markets in its Series A Financing
- Represented an American multinational investment bank and financial services holding company in the launch of its first bitcoin fund with NYDIG acting as a custodian
- Represented Argo Blockchain, the only cryptocurrency mining company listed on the London Stock Exchange, in connection with its SEC-registered IPO offering and concurrent Nasdaq listing
- Represented Riot Blockchain, Inc. in its acquisition of Whinstone U.S., which operates the largest bitcoin mining hosting facility in North America
- Represented Amalgamated Token Services, an affiliate of AngelList, in connection with the acquisition of EC Securities, LLC, a private placement broker-dealer, approved by FINRA to act as placement agent for SAFTs and other blockchain-based securities
- Represented TradeUP Global Corporation, a publicly traded SPAC, in a de-SPAC transaction with SAITECH Limited, a Eurasia-based energy saving bitcoin mining operator
- Represented Brevan Howard, CMT Digital, Pantera Capital, BlockTower Capital, among others, in the launch of digital asset funds and with respect to early-stage investments in blockchain companies
- Represented Nova Labs (f/k/a Helium Inc.), developer of a decentralized wireless network, on its financing, along with advising the company on regulatory aspects of its blockchain network
- Represented Paxos Trust Company in connection with a first-of-its-kind crypto-asset redeemable for physical gold
- Represented Helium on its Series C financing with Multicoin Capital, Union Square Ventures and other investors, along with advising the company on regulatory aspects of its blockchain network
- Represented a fund manager on the first tokenized closed-end fund in Hong Kong.
- Represented SolidX Management LLC in connection with a first of its kind offering of shares of VanEck SolidX Bitcoin Trust
- Represented BlockTower Capital, a leading blockchain investment firm, with respect to fund formation, regulatory matters, and venture investments
- Represented Pantera Capital and CMT Digital, with respect to early-stage investments in blockchain companies
- Represented Coinbase in its acquisition of Keystone Capital Corp., Venovate Marketplace, Inc. and Digital Wealth LLC, an SEC-registered broker-dealer, alternative trading system and registered investment adviser
- Represented Coinbase in its acquisition of Paradex, a blockchain token wallet-to-wallet relayer platform
- Represented Polychain Capital in certain aspects of its blockchain token purchases
- Represented block.one in the sale of EOS blockchain tokens
Regulatory and Enforcement
- Advised Anchorage, an institutional crypto platform, on the development and launch of its first-of-its-kind stablecoin rewards program, which premiered with PayPal USD
- Advising several companies in SEC enforcement requests or subpoena responses related to digital asset investigations
- Advising IEX Group on regulatory matters in connection with a strategic investment by a U.S. regulated cryptocurrency exchange
- Advising Oasis Pro Markets LLC related to U.S. regulatory requirements for its Digital Security Alternative Trading System (ATS)
- Advising INX Limited, a cryptocurrency exchange that went public on Ethereum in 2020 and issuer of the first registered security token, on broker-dealer and blockchain matters related to the integration of its acquisition of Openfinance Securities, a U.S. broker-dealer
- Representing Paxos Trust Company in connection with its application to be the first SEC registered clearing agency to use a blockchain technology platform to clear and settle transactions, as well as designing and implementing custody, clearance and settlement services for privately placed securities that trade on an alternative trading system
- Representing The Options Clearing Corporation on all manner of issues regarding its blockchain-based clearing services to the U.S. stock loan markets
- Advising one of the world’s leading cryptocurrency exchanges on a comprehensive review of its U.S. compliance posture, including registration and licensing matters
- Advising an international regulatory agency on U.S. regulatory considerations in the release of digital asset regulatory guidance
- Advised Apex Clearing Holdings LLC on the regulatory implications of its cryptocurrency trading and custody services in the context of a proposed business combination with Northern Star Investment Corp. II, a publicly traded SPAC
- Advised Xapo, Inc. in connection with the wind-down of its U.S. platform
- Advised Boston Security Token Exchange in obtaining regulatory approval to facilitate trading of security tokens or digitally enhanced securities
- Advised a state trust company on multistate cryptocurrency trading and custody services
- Advised Block.one related to U.S. regulatory requirements for the launch of Voice, a global social media platform
- Advised SharesPost and Templum, Inc., with respect to broker-dealer and blockchain regulatory issues
- Advised World Gold Council on FinTech and blockchain strategic initiatives and regulatory developments
- Advised CoinList on legal questions concerning digital asset offerings and U.S. federal securities laws
- Advised Dharma Labs on various regulatory issues related to the development and implementation of smart contracts for lending products
- Advised virtual currency brokerages and exchanges in multistate licensing efforts, including for the New York BitLicense
- Advised block.one in various corporate, intellectual property and regulatory issues
- Advising a U.S. cryptocurrency company with respect to its prime brokerage offering and lending program
- Advised a bitcoin miner on the regulatory aspects of setting up operations at an Alcoa facility in ERCOT
- Advised Constellation on the regulatory aspects of hosting a cryptocurrency miner “inside the fence line” of a power generator in PJM
- Advised Tagomi on regulatory matters with respect to its sale to Coinbase
- Advised Anchorage Digital in its application for a BitLicense from the NYDFS to offer regulated crypto trading to New York-based clients and to custody and settle trades through chartered custodian Anchorage Digital Bank
Legislative and Regulatory Advocacy
- Participated in The Digital Chamber’s Token Alliance Committee publication “2025 SEC Digital Asset Policy Priorities”
- Testified before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion’s hearing on “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.”
- Participated in the development of “Proposed U.S. Disclosure Guidelines for a Particular Category of Tokens”
- Advised Securities and Financial Industry Markets Association (SIFMA) in connection with a response letter to the SEC in connection with advocacy for more regulatory guidance on custody of digital asset securities
- Advising on SEC no-action relief to seek regulatory clarity on the application of securities laws to digital assets, digital securities, and related trading and custody issues
- Representing Chamber of Digital Commerce in filing its first amicus brief in the SEC v. Telegram (SDNY) case that sets forth the legal framework in applying the federal securities laws to digital assets
- Played a leadership role in UCC drafting committees regarding incorporation of new technologies
- Participated in Venture Capital Working Group, led by Andreessen Horowitz, with respect to legislative and SEC regulatory initiatives related to digital assets
- Prepared for the SEC a proposal to address open questions related to broker-dealer custody of digital assets under the SEC’s Customer Protection Rule
- Participated in the Legislating Certainty for Cryptocurrencies Roundtable hosted by Congressman Warren Davidson