Cryptocurrency attorney in 2024 We are at the forefront of the market because of our experience and integrated, cross-practice approach. We advise a wide range of clients on everything from fund formation and investment to securities laws (or SEC regulation), commodities laws (or CFTC regulation), enforcement matters, and tax planning.
Why does it matter?
This year is going to be very hectic for us. The public’s renewed interest in cryptocurrencies is mostly due to some factors, including Changpeng Zhao’s guilty plea, Sam Bankman-Fried’s conviction from last year, the potential approval of a spot bitcoin exchange-traded fund, and the general market revival. Legislators and authorities, however, are not likely to overlook anything about cryptocurrencies.
Breaking it down
The tired can find no respite. Even though 2023 was quite busy—including a lengthy criminal trial—next year looks to be far busier. There are five primary categories of events or activities that I would want to see take place in the upcoming year: legislation, court cases, electoral results, and the overall cryptocurrency market.
What’s new in 2024?
As protectors of the blockchain, cryptocurrency attorneys concentrate on new legal issues, regulatory compliance, and disputes involving decentralized financing (DeFi). They use cutting-edge forensic technologies to deal with security breaches and negotiate the changing tokenomics legal environment. It is crucial to know about both cryptographic governance and environmental sustainability.
Ranked Practice Areas
FinTech Law: Digital Assets & Blockchain Technology
FinTech Legal: United States: Broad
Individual Ranking
Blockchain and Cryptocurrencies: FinTech Legal,
About Steptoe’s Blockchain and Cryptocurrency Practice
The team at Steptoe that specializes in blockchain and cryptocurrency offers clients unparalleled legal and regulatory expertise from dozens of practices, along with industry-specific knowledge, to help them navigate the intricate legal and regulatory landscape that surrounds crypto assets both domestically and internationally.
Our interdisciplinary team has extensive knowledge of regulatory matters, including corporate and transactional affairs, intellectual property, public policy, enforcement, civil and criminal litigation capabilities, consumer financial services and CFPB regulatory, securities, commodities, derivatives regulation, tax law, and AML and sanctions compliance. Almost all players in the digital currency market receive legal and regulatory advice from us, including exchanges, issuers, investors, and traditional financial institutions.
CRYPTOLAW IS RAPIDLY EVOLVING
Regulations and laws about the bitcoin sector are evolving quickly. The issue lies in the lack of a single, comprehensive law outlining each regulator’s specific responsibilities. Consequently, you end up with a disorganized set of rules that occasionally overlap. In addition to the several federal entities involved, states occasionally have their own regulations.
Furthermore, as cryptocurrency gains greater traction, the regulatory environment is always changing. Regulations typically find it difficult to keep up with emerging, innovative industries, but once they do, they have the power to enforce a plethora of new regulations. Interpretations are subject to change daily, so you need legal counsel from an attorney who stays up-to-date on the latest developments and can adjust their guidance for you accordingly.
Crypto Lawyers
Gamma Law’s crypto and blockchain lawyers help clients completely capitalize on business prospects and get past legal hurdles in this fast-paced industry. The team is made up of specialists in securities, gaming, intellectual property, gambling legislation, data security, and other important fields. Our team of lawyers helps customers overcome uncertainty to achieve their goals since they are knowledgeable about every facet of crypto legislation and the quickly evolving legal landscape in this area.
With the creation and execution of crypto-based business models, Gamma Law’s blockchain and cryptocurrency attorneys assist both new and existing enterprises. Our deep knowledge of cryptocurrency includes token-based financing, non-fungible tokens (NFTs), crypto fund formation, blockchain games (including anti-gambling regulations), and other relevant topics.
Regulatory Compliance
To identify fraud or violations of tax, securities, and other laws, governments are hiring more agents, and as a result, cryptocurrency investors and businesses find themselves in the sights of the IRS, SEC, CFTC, and associated state authorities. Assisting clients with implementing efficient processes to enhance their readiness for responding to investigations and lessen the impact of government inquiries, our team also assists clients in complying with rules that affect their blockchain and cryptocurrency-based enterprises.
Blockchain & Digital Assets
The Blockchain & Digital Assets practice group at Drew & Napier provides strategic legal counsel to businesses developing and deploying digital assets as well as those utilizing blockchain technology. We support our clients in leveraging the enormous promise and disruptive power of blockchain technology while adhering to a complicated and rapidly evolving regulatory environment.
From startups to investors to exchanges to digital asset mining and staking operations, our clientele spans the whole ecosystem. Together with providing advice and support, we also help businesses create and put into place the proper regulatory compliance policies and procedures. These are necessary for businesses engaging in cryptocurrency, digital asset, and security token activities in Singapore.
Areas of Focus
Offering a centralized approach to blockchain and digital asset concerns, Greenberg Traurig’s global Blockchain & Digital Assets Group is composed of more than 100 attorneys from several legal specialties located in major financial centers across the globe. To assist clients with a wide range of issues, including infrastructure applications, technology licensing and development, mining, securities compliance, cryptocurrency exchanges and trading, stablecoins and asset-backed digital assets, fund formation, investment strategies, financial regulation and registration, and blockchain-as-a-service, we draw on our diverse experience. Our team can respond swiftly to give clients best practices and the most recent regulatory guidelines and interpretations when new products and services, such as non-fungible tokens (NFTs), staking, and other innovations, emerge in this quickly evolving market.
The team’s ability to respond quickly to legal issues our customers may have with blockchain and the establishment or use of digital assets is a result of our multidisciplinary approach. A diverse group of experienced attorneys with backgrounds in securities, commodities, and broker-dealer regulations, entity and fund formation, financing, exchange formation, technology and intellectual property licensing, taxation, privacy concerns, cybersecurity, and federal and state financial services regulation make up our committed response team. We additionally draw upon the resources of our thriving government law & policy practice, which frequently provides governments and municipalities with guidance on developing or modeling regulatory requirements as well as other relevant issues about blockchain and digital assets.
Conclusion
Wallets for cryptocurrencies are now an essential component of the digital economy, rather than just a location to keep money. The world of cryptocurrency wallets will continue to expand and change as long as developers continue to come up with new concepts and enhancements. We can build a secure and powerful future for our digital currency by concentrating on making crypto wallets user-friendly, maintaining their security, and utilizing the most recent blockchain technology. Therefore, get ready for the future; your digital currency merits it.
