As a new, rapidly-evolving technology, blockchain demands legal counsel with both domain depth and experience. Carrington Coleman’s Blockchain practice group delivers, with a compliance-oriented approach that ensures that clients can leverage everything blockchain can do with confidence that they’re on legally solid ground. We’ve been working with this technology since its inception, so clients benefit from both our hands-on knowledge and our focus on managing compliance issues.
Our blockchain practice is as diverse as the technology’s applications. As just a few examples, we’ve represented investors in blockchain companies who needed tech-savvy due diligence, as well as in litigation. We’ve counseled cryptocurrency funds selling digital assets to investors, served as outside general counsel for a bitcoin ATM company, and advised clients on DeFi implementation, including application of blockchain to real estate. And we’ve represented clients in lawsuits, Federal investigations and regulatory actions with a blockchain component.
Compliance is Critical
As with any marketable technology, sometimes regulation and innovation don’t quite sync up. Whether, and how, the rules apply may seem unclear. Our role is to provide clarity and reliability, and help clients “color within the lines.” We’re distinguished by our compliance-first perspective. As a rule, we work to keep our clients from being the test case that changes a regulation. Instead, we help enterprises that are navigating a fast-changing legal landscape to avoid missteps and structure themselves for the long term.
Caught in the Crossfire
Client Issue: We represented a key employee of a company prosecuted by the Federal government for fraud in connection with a cryptocurrency offering. The government seized computers, notebooks, and the client’s notebook, which included all his private cryptocurrency keys.
Approach: Thanks to our daily working relationship with Federal regulators, we were able to negotiate effectively for the return of the client’s cryptocurrency assets – all of them.
Outcome: All client assets were returned, while the company itself was under involuntary receivership.