Law And More

Crypto - Avoid Getting Mugged in Advice Alley

"The Crypto Crash Strengthens the Case for Crypto."

That's a headline on Bloomberg's digital front page. The opinion piece is by Tyler Cowen, an economic professor at George Mason University. Here is his Linkedin Page. Note that he earned a Ph.D. in economics from Harvard University.

REMEMBER HOW THE EXPERTS WERE ALL-WRONG

JB Morgan head Jamie Dimon called crypto a "fraud." The pandemic was predicted to be ending. The legal sector was supposed to implode in 2020 and moving forward. The stock market was to crash during 2020 and 2021.

So here we are. We know that if we want to stay alive - and make real money - we have to connect the dots ourselves. At this point in the evolution of the human species what is playing out is the zen mantra: "Clear thinking, don't know."

BEGINNER'S LUCK

That clear-thinking-don't-know is this: the Power of Not Knowing. 

It explains  the phenomenon of "beginner's luck." When we enter something new, if we are smart, we are open to what is. We don't impose tired-out formulas of what we used to know. And we can have unusual success.

About 13 months ago, I accepted several industrial-trade accounts for my communications boutique. At the get-go, I told the owners that I knew nothing about waterproofing, roofiing, and shipping containers. But I pounded in my pitch that I  had plenty of experience getting results for clients through how I approached marketing communications.

Not only did I have three sets of satisfied clients. There has been an almost mystical journey into a new kind of professional lightness of being. Yes, we can feel good about ourselves as we work.

THE EXTREME SUCCESS OF BEING INSIDE WHAT IS AND NOT OUTSIDE IN WHAT IS SUPPOSED TO BE

In an interview with Super Lawyers, Chairperson of Paul Weiss law firm Brad Karp observed:

"You cannot take anything for granted. In difficult matters, I will think about my clients’ problems night and day until a solution emerges. I’m a big believer in late-night epiphanies.”

Law360 Pulse has selected Paul Weiss as among the top 10 most prestigious law firms for 2021.

At global giant law firm Dentons, Chairman Joe Andrew didn't give a damn that law firms are supposed to be self-funding. He ignored what-everyone-knows to get private equity financing for extending a law firm beyond providing legal services. That is a major hedge for growth in a time of competition from outside the law firm sector. 

At Wilson Sonsini, head Larry Sonsini automated routine legal services for startups. He seemed to ignore the Greek Choruses chanting that he would lose high-end lawyering business.

GETTING MUGGED IN ADVICE ALLEY

The advice game is not only tedious. It can be dangerous.

It's all too easy to get mugged in advice alley.

The Wall Street Journal chronicles all those youth who bought into the expert opinion that the more higher education the more marketable one will be in professional life. Overall, the result has been high student loan debt and low wages. 

TAKEAWAY

Open to picking up on what's really there. 

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

 

Crypto Business - Lending By Genesis, Including Using NFTs for Underwriting

"Genesis Global Trading Inc., one of the largest cryptocurrency brokerages for institutional investors, said it loaned a record $50 billion of assets in the fourth quarter to borrowers including crypto funds and other financial firms." - Yueqi Yang, Bloomberg, January 27, 2022.

INSTITUTIONAL INVESTORS IN THE GAME

In 2021, the total amount lent was $131 billion. That had been seven times the amount in 2020.

Institutional investors are getting into the crypto game and using the funds for shorting digital currencies and plowing them into what they consider high-yield opportunities. 

Earlier those kinds of large investors steered clear of crypto because they were wary of the cybersecurity issues. But, here they are. Most acceptance has come from Latin America and Europe.

UNDERWRITING WITH NFTS

An interesting development for this brokerage, owned by the Digital Currency Group, is that there is now NFT lending. That is, those tokens are used to underwrite loans. The target market for that currently is the high-net individual. But the interest could become mainstream.

NOT JUST TRADING

Obviously, the crypto business is about lots more than simply trading. But recently in this crypto "ice age" it is trading whch is capturing the media headlines. That particular aspect of crypto has been giving digital assets negative branding.

Obviously, crypto needs to beef up its public relations. Currently, Crypto.com's promotional campaign with Matt Damon is being derided. Mocked is the analogy made between landing on the moon and becoming involved with crypto.

SOPHISTICATED LEGAL SERVICES

The broad range of crypto applications is why large law firms have been establishing specialized crypto/blockchange practices. Those firms range from Cooley to Paul Weiss. 

 Cooley is already handling litigation involving NFTs. That is the landmark case "SEC v Ripples Labs, et al." 

And, here is how Wall Street law firm Paul Weiss has structured its specialized crypto/blockchain practice:

" ... [It deals with] securities, broker-dealer regulation, commodities regulation, transactional intellectual property and technology, tax, company and fund formation, financing, token fundraising and alternative securities offering options (i.e., Reg A+, Reg D/506(c), Reg S, Equity Crowdfunding) ..  securities litigation, regulatory enforcement, economic sanctions and anti-money laundering, and cybersecurity-focused practices."

Note that the Paul Weiss approach is multi-disciplinary. The expertise required means parachuting in, for instance, the IP and tax lawyers. The Paul Weiss Chairman Brad Karp has been an early adopter in this space. 

Large law firms have the edge in digital assets. That clear advantage is this: having in-house all the needed expertise. There is also the plus that those specialized lawyers are brandnames. If you're taking on the SEC you want lawyers with a high-profile track record.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Picasso: Fine Art Accessible to the People

"Heirs of Pablo Picasso ... are vaulting into 21st-century commerce by selling 1,010 digital art pieces of one of his ceramic works that has never before been seen publicly — riding a fad for 'crypto' assets that have taken the art and financial worlds by storm." - Bloomberg, January 26, 2022.

CRYPTO ECONOMY POWERS NFTS

This venture signals how commercially solid the NFT niche is, in comparison to cyrpto trading per se. The world of NFTs operates on the crypto economy and usually requires crypto currency. And, yes, it can represent an investment, not just a passion about art or a collectible or belonging to a certain group. But, NFTs aren't caught up in the gryations of crypto market value per se. 

DEMOCRATIC FORCE

If the sales of digital versions of the Picasso ceramic are successful then those managing other fine art pieces might also take the leap in. That could fuse an elite part of the art world with the democratic one of NFTs.

The digital asset ethos is that its decentralized nature and openness to any creator, developer, or marketer do really bring power to the people.

PLATFORM FOR PIVOTS

One has to wonder: As an entrepreneurial project will outsized financial player Leon Black transform "The Scream," which he owns, into NFTs? The way he leverages those NFTs can pivot him onto a new career path.

For example, he can use them as "tickets" to special events he sponsors in brick-and-mortar and/or in the metaverse or for dining clubs he starts up. That shift could deflect attention from his current legal entanglements.

NFTs can provide a new kind of platform to America's gateway to second chances.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Beyond SPOOKED - The Disney-Like NFTs and Metaverse Stories

Those "in charge." Sure, they can apply any phrase to what seems to be happening in the economy right now.

HOLD THE LINGUISTIC SPIN

No matter the word choice, no one gives a damn. Or, experiences angst-reduction. 

Yes, our financial advisors are sending us communications describing in financial-speak the supposed dynamics.

The reality is that so many are in a condition of being spooked. What shoe will drop next? 

FINANCIAL STORY TIME

Meanwhile, it's a scary story time for those associated with the business of crypto trading, The language used ranges from "ice age" to "crypto desert." Note what cliches they happen to be.

Anyway, take Coinbase. 

As Bloomberg documents, the trading part of Coinbase has soured for most of those in the loop, ranging from seccurity analysts and investors to consumers and media. 

Essentially that crypto exchange derives its revenue from trading fees. Not only is trading down, except by those deciding to throw in the towel and that's that. In addition, in this environment there is increased pressure on it to reduce those fees.

Today the stock is down about 7.5%, to $177 a share. Mizuho Securities lowered its estimated price per share from $300 to $220. For Q1 2022, it is looking at $1.38 billion versus what had been the Wall Street consensus of $1.75 billion.

BUT THAT'S JUST TRADING

Now let's sit around the camp fire and hear stories that are full of almost Disney kind of joy. Being scared is exhausting.

See, other parts of the crypto economy remain not only solid but exploding in growth. They have a magical story line. 

NFTs and the metaverse remain the new frontiers for investing, real estate development, marketing, customer relations, sales, socializing, gaming, lobbying, and more. If you work in those niches you have work. 

Tech Crunch is providing guidance for investors how to test out any NFT opportunity.

Despite all the obstacles embedded in an acquisition of Activision Blizzard, Microsoft is determined to push forward. That could even include taking on the FTC. For it the prize is the edge it will have in the metaverse through Activision's video game expertise. So much of that frontier is based on gaming.

And Tokens.com's CEO Andrew Kiguel is all over the media crowing about how metaverse real estate purchases keep balooning the value of his portfolio.

THE OLD GUARD NEEDS FRESH LANGUAGE

If the usual suspects in financial guidance want to regain credibility they have to develop a new lexicon to capture emerging realities.

Goldman Sachs, JPMorgan, and Morgan Stanley sound, well, like old men trying to hang onto influence. They keep flooding the media with predictions. However, we know that we can't know that. Smirk.

LAW FIRMS NO SLOUCHES

NFTs and the metaverse are immersed in legalities, of course. Already there is the landmark case "SEC v Ripples Labs, et al." That's focused on NFTs.

Here is Jones Day's white paper on the legalities associated with NFTs. 

Here is Reed Smith's white paper on those in the metaverse.

And, here is how Wall Street law firm Paul Weiss has structured its specialized crypto/blockchain practice:

" ... [It deals with] securities, broker-dealer regulation, commodities regulation, transactional intellectual property and technology, tax, company and fund formation, financing, token fundraising and alternative securities offering options (i.e., Reg A+, Reg D/506(c), Reg S, Equity Crowdfunding) ..  securities litigation, regulatory enforcement, economic sanctions and anti-money laundering, and cybersecurity-focused practices."

Note that the Paul Weiss approach is multi-disciplinary. The expertise required means parachuting in, for instance, the IP and tax lawyers. The Paul Weiss Chairman Brad Karp has been an early adopter in this space. 

Large law firms have the edge in the whole digital assets industries. That clear advantage is this: having in-house all the needed expertise. There is also the plus that those specialized lawyers are brandnames. If you're taking on the SEC you want lawyers with a high-profile track record.

HERE WE ARE

The old economy, including the original ethos associated with crypto tradiing, is gasping. To build wealth we have to look for opportunity through different lenses.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

 

Okay, What Happens to Those Crypto Miners ...

Just like a rising tide lifts all boats, a receding one can result in shipwrecks.

PERFECT STORM

Among those which could go under during the crash in the valuations of bitcoin and other crypto coins are miners who haven't become efficient.

In addition, Russia has banned mining. That means that 15% of the whole bitcoin mining industry will have to relocate. That's logistically complex and expensive. Also, there is the political challenge: Not every nation is open to the eco-challenge of the amount of energy use involved in mining. Some miners might not be able to pull it off.

As Bloomberg reports, miners could go out of business or become acquisition targets. One immediate bill they might not be able to pay is the electricity one. Mining entails costly computer power.

SIGN OF THE CHANGING TIMES

Already the industry is experiencing crisis. Shares of Bitfarms and Marathon Digital are down 30%. Of course, things could get lots worse. Bitcoin could float down to support level of 27,000. That's a long way from the November 2021 high of 68,000.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

 

Halt in Venture Capital Gold Rush, At Least for Now

 

"Sustained declines in the prices of technology stocks and cryptocurrencies are stirring panic among many venture capitalists, after a year of record fundraising and investment." Bloomberg, January 25, 2022  

 

TECH VENTURE CAPITALISTS

 

Tech investment firms such as the SoftBank Group and Founders Fund have issued public concerns about the growing gap between the value of private and public market valuations. Tech players like DoorDash and Etsy have declined 30% in value since their high valuations last November.

 

CRYPTO VENTURE CAPITALISTS

 

In addition, what's being called the "ice age" in crypto is pushing away one of the major sources of funding - venture capitalists. During 2021, it invested about $30 billion. That was then.

 

WHAT'S HAPPENING

 

Among the underlining factors souring venture capitalists are:

 

Threat of sustained boosts in interest rates

 

High inflation

 

Bouncing back of economies as nations adjust to a pandemic.

 

NO THANK YOU

 

The dynamics of a changing venture capital industry include that some funds are simply stepping back from proposed involvement with some startups and a slashing of the amounts which had been committed in deals which still are intact.

 

DARKENED PROSPECTS FOR ENTREPRENEURS, CRYPTO RECOVERY

 

Obviously the world has changed for entrepreneurs. They are being advised to become frugal instead of burning through resources and conserve cash. Over is the era, at least for now, when venture capitalists had been chasing after startups, even those without a detailed business plan specifying the amount of revenue expected and when.

 

Given the new caution of venture capitalists, crypto could take longer to recover. 

 

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

 

Bitcoin's Support Level at $30,000, But Could Decline to $27,000 - But There Is the Story Beyond Crypto Trading

All of us investors - both crypto and traditional - are wondering: Where is a bottom that we can live with?

PROJECTED BITCOIN SUPPORT LEVEL

For bitcoin, experts are projecting, reports Bloomberg, a support level of $30,000. However, that could become $27,000 which is the total anxiety zone. 

During the past seven days, bitcoin lost 20% of its value. And since its high in November 2021 at 68,000, it had lost 50% of its market value. 

BEYOND CRYPTO TRADING

This affects crypto traders. The rest of the enterprises facilitated by the crypto economy essentially are still in good shape.

NFTs and the metaverse remain in a growth trajectory.

Crypto coin investing per se, mostly through trading, and the structuring of the crypto economy on which NFTs and the metaverse operate are apples and oranges. Sure there is investing in NFTs and the metaverse but that is not about crypto coin trading. 

Both those commercial niches - NFTs and the metaverse - are going gangbusters in value and in cool. That is signaled by media coverage.

ESG has dropped off the digital front page, replaced by frantic news flashes and analysis of NFTs and the metaverse. ESG just isn't sexy and fun like NFTs and the metaverse. Melania Trump is doing NFTs. Paris Hilton and Snoop Dogg are in the metaverse. In the spring will be a gala fashion show in the Decentraland Metaverse. 

LEGALTIES AS A CONSTANT

What digital assets have given birth to are immersed in legalities. Already there is the landmark case "SEC v Ripples Labs, et al." That's focused on NFTs.

Here is Jones Day's white paper on the legalities associated with NFTs. 

Here is Reed Smith's white paper on those in the metaverse.

And, here is how Wall Street law firm Paul Weiss has structured its specialized crypto/blockchain practice:

" ... [It deals with] securities, broker-dealer regulation, commodities regulation, transactional intellectual property and technology, tax, company and fund formation, financing, token fundraising and alternative securities offering options (i.e., Reg A+, Reg D/506(c), Reg S, Equity Crowdfunding) ..  securities litigation, regulatory enforcement, economic sanctions and anti-money laundering, and cybersecurity-focused practices."

Note that the Paul Weiss approach is multi-disciplinary. The expertise required means parachuting in, for instance, the IP and tax lawyers. The Paul Weiss Chairman Brad Karp has been an early adopter in this space. 

Large law firms have the edge in digital assets. That clear advantage is this: having in-house all the needed expertise. There is also the plus that those specialized lawyers are brandnames. If you're taking on the SEC you want lawyers with a high-profile track record.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

No Newsflash: Carnage Continues in Crypto and Crypto-Exposed Stocks

These are not good times for many investors. 

The Dow Jones is down 575.24 points (10:51 AM ET).

And, as expected, crytpo continues its downward trajectory.

Bitcoin sinked beneath the $34,000 threshold - down 6.6%. Ether went down to $2,201, down 7.6%.

Simultaneously, those stocks also associated with crypto also took a hit. They range from MicroStrategy to Riot Blockchain. 

The experts are all over the place is predicting what's next both for the Dow and for the crypto niche.

Of course, no one knows what is next. The turmoil unleashed by COVID taught us the folly of making predictions. 

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Crypto Trading and The Crypto Economy: Apples and Oranges

"Solana, one of the largest blockchain networks, was hit by instability during a turbulent week for cryptocurrencies. The issue experienced by validators that use their computing power to help verify the network was caused by excessive duplicate transactions ..." - Joanna Ossinger, Bloomberg, January 22, 2022.

CRYPTO CRITICS CELEBRATE

Of course, the timing of this tech problem is awful. Gleefully crypto critics continue to rejoice at the industry's deepening problems.

Already, investors worldwide have been shaken by the implosion of crypto market value. Yesterday, bitcoin plunged into 35,000ish space. Other cryptos are also locked in a downward cycle.

Experts are not predicting recovery in the near future. Liquidity had been the platform for bitcoin's soaring market value since its launch in 2009. With the easy money drying up things don't look good for the whole crypto trading category.

Now, obviously, shade is also being thrown on confidence in the technology. 

Last September Solana had a 17-hour outage. This is very serious since crypto trading is supposed to operate 24/7. That feature differentiates it from traditional centralized financial operations. There could be a flight back to centralization and a call for it in shaping regulations.

PROMISES, PROBABLY NOT COMFORTING

Of course, Solana tech folks promise improvements in the system. Those are scheduled for the next 8 weeks.

Crypto.com, which had been hacked, made a similar series of tech promises. Meanwhile that breach reinforced institutional investors' anxiety about crypto and cybersecruity. They fear that more than any future regulations and the innate market volatility.

In addition, there is now a trust issue associated with Crypto.com. It claimed no losses in the cyberattack. Some on social networks claimed a loss of about $14.000. Also, Crypto.com is taking it on the chin for the tone, content, and accuracy of its promotional material. In the UK two of its ads had been banned. 

BUT HERE ARE WE

Crypto trading has taken a major hit.

However, the economy crypto creates for NFTs and the metaverse is on very solid ground.

Crypto coin investing per se, mostly through trading, and the structuring of the crypto economy on which NFTs and the metaverse operate are apples and oranges. Sure there is investing in NFTs and the metaverse but that is not about crypto coin trading. 

Both those commercial niches - NFTs and the metaverse - are going gangbusters in value and in cool. That is signaled by media coverage.

ESG has droppped off the digital front page, replaced by frantic news flashes and analysis of NFTs and the metaverse. ESG just isn't sexy like NFTs and the metaverse. Melania Trump is doing NFTs. Paris Hilton and Snoop Dogg are in the metaverse.

LEGALTIES AS A CONSTANT

What digital assets have given birth to are immersed in legalities. Already there is the landmark case "SEC v Ripples Labs, et al."

Here is Jones Day's white paper on the legalities associated with NFTs. 

Here is Reed Smith's white paper on those in the metaverse.

And, here is how Wall Street law firm Paul Weiss has structured its specialized crypto/blockchain practice:

" ... [It deals with] securities, broker-dealer regulation, commodities regulation, transactional intellectual property and technology, tax, company and fund formation, financing, token fundraising and alternative securities offering options (i.e., Reg A+, Reg D/506(c), Reg S, Equity Crowdfunding) ..  securities litigation, regulatory enforcement, economic sanctions and anti-money laundering, and cybersecurity-focused practices."

Note that the Paul Weiss approach is multi-disciplinary. The expertise required means parachuting in, for instance, the IP and tax lawyers. The Paul Weiss Chairman Brad Karp has been an early adopter in this space. 

Large law firms have the edge in digital assets. That clear advantage is this: having in-house all the needed expertise. There is also the plus that those specialized lawyers are brandnames. If you're taking on the SEC you want lawyers with a high-profile track record.

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.

Crypto "Ice Age" - Sexy Language, But Too Broad

We shape reality through language. And the language being used to describe the current crypto global plunge in market value has turned grim.

The term used to be "crypto winter."

ICE AGE IN INVESTING

Now, reports Insider, the term "ice age" could be applied to the next several years for the whole crypto category.

There is little optimism about a turnaround in the near future.

The problem is that the era of easy money is over. The fed is backing off from low interest rates and buying a large amount of bonds. Bitcoin, for example, grew in value because of all the liquidity floating around.  

In addition, it's obvious that regulations are coming. 

It's predicted that investors will be spooked. Or, simply lose interest in crypto. 

That's the investing part.

THE CRYPTO ECONOMY FACILITATING NFTS, METAVERSE

Remember that crypto also is essentially the economy facilitating NFTs and the Metaverse. Those business enterprises continue to go gangbusters.

Sure, some of those who rushed out onto those playing fields are investors. However, much of what's going on in those two categories is happening under the umbrella of "promotions," in the broadest sense. Those range from sending a message or fundraising for a political campaign through NFTs to staging special events such a fashion show in the metaverse. 

BUSINESSES ASSOCIATED WITH DIGITAL ASSETS NOT OUT IN THE COLD

The crypto ice age for investors doesn't necessarily freeze out businesses related to digital assets. This weekend those businesses continue to contact me to discuss possible communications assignments. 

Law firms which had been early adopters in establishing formal crypto/blockchain practices aren't out in the cold either. There are the legalities. There always will be the legalities.

The focus could be on guiding clients to spot the opportunities in the current situation and exploit them. As the regulatory framework develops that also will take the shape of being in compliance - or providing a defense for an accusation of wrongdoing. 

MEANWHILE, HOW LEGALITIES ARE PLAYING OUT

Let's look at how this is already playing out. 

Cooley law firm is the defense firm for landmark lawsuit "SEC v Ripple Labs, et al." Here is a copy of the complaint. Essentially the SEC is accusing the defendants of raising funds for XRP by selling unregistered securities. That is violation of Section 5(a) and 5(c) of the Securities Act of 1933. 

What has to be determined is the legal classification of "crypto." Right now, it's on the books as property not a security. But that might not be for long. The lobbyists linked to this issue have been busy bees.

In general, there is huge spending by lobbyists associated with crypto issues and 2022 midterms as well as the usual donations to the elected officials PACs. Incidentally, more law firms are developing a lobbying arm.

 Back to the nuts and bolts of law, Paul Weiss has structured its crypto/blockchain practice to cover these categories:

" ... [It deals with] securities, broker-dealer regulation, commodities regulation, transactional intellectual property and technology, tax, company and fund formation, financing, token fundraising and alternative securities offering options (i.e., Reg A+, Reg D/506(c), Reg S, Equity Crowdfunding) ..  securities litigation, regulatory enforcement, economic sanctions and anti-money laundering, and cybersecurity-focused practices."

Note that the Paul Weiss approach is multi-disciplinary. The expertise required means parachuting in, for instance, the IP and tax lawyers.

Large law firms have that advantage in the crypto space: sophisticated experience in all aspects of how digital assets are used. 

"ICE AGE" SEXY BUT NOT ACCURATE

There is a shift in the entire crypto space. But the dynamics triggered by a new economy based on digital assets are not locked in, frozen.

The language of the "ice age" is misleading. Call it, yes, "disruption."

Feedspot selected Law and More as one of The Top 100 Legal Blogs.

Marketing communications for blockchain, cryptocurrencies, NFTs, and much much more (including waterproofing, roofing, and shipping containers). You want results. And that’s exactly what you get partnering with Genova Communications. Fees customized for your unique budget. Complimentary consultation - janegenova374@gmail.com.