Money Transmission, KYC/AML and Other Financial Regulations
Broad range of services and advice on financial regulations for all types of participants in the digital economy, including digital asset exchanges, digital asset issuers and digital asset technology providers.
Federal registration with FinCEN and individual state licensing under state money transmission laws including the New York State BitLicense
Developing policies and best practices for monitoring and managing risk with business counterparties
Establishing relationships with third parties in order to be able to accept and process fiat payments
Preparation of policies incorporating best compliance practices for applicable regulations, including the Bank Secrecy Act and USA PATRIOT Act
Effective development and implementation of AML / Sanctions policies to comply with the regulatory requirements of the Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN), and similar U.S. government agencies
Evaluation of existing AML / Know Your Customer/ Sanctions policies, procedures and internal controls to highlight high-risk areas
Federal and State Securities and Investment Company Law
Broad range of services and advice on U.S. federal and U.S. state securities laws for all types of participants in the digital economy, including digital asset exchanges, digital asset issuers and digital asset technology providers
Advice relating to all facets of token generation event structuring and regulatory compliance
SEC representation in connection with “no action” relief for sales of platform tokens not regulated as securities
Sales of tokenized securities and other interests to accredited and other sophisticated investors structured as exempt offerings, including under Reg D
Sales of tokenized securities and other interests to retail investors structured as exempt offerings under Reg A or Reg CF
Advice related to state securities law compliance in connection with tokenized securities and tokens not intended to be securities
Preparation of token-listing policy and standards for digital asset exchanges
Risk mitigation strategies for previously completed ICOs and token sales
Preparation of insider trading and other compliance policies
Advice under the Investment Advisers Act relating to custody of digital assets and investment due diligence
Particular expertise in the area of asset-backed securities and real estate securities
Broker Dealer Licensing / Alternative Trading Systems
Consultation with SEC and FINRA through in-person meetings and other communications
Preparation of Form ATS for submission to the SEC and FINRA
Preparation of FINRA New Member Application (Form NMA)
Assistance obtaining all required state and federal licenses for the firm and its associated persons (if necessary, provide outsourced personnel)
Assistance with the preparation of a detailed business plan and other required operational and financial disclosures and policies
Corporate/Commercial Law and Transactions
Deal contract drafting, due diligence, negotiation and execution by attorneys who deeply understand digital asset technology and know how to reflect its unique benefits and risks in bespoke—not boilerplate—deals
Mergers & Acquisitions, Joint Ventures, Investments, Commercial Partnerships, Terms of Service
Advice relating to formation, governance structuring and financing of emerging companies
Business Structuring / General Legal Analysis / Team Building
Cross-jurisdictional legal analysis to determine most favorable regimes for launch
Business structuring advice to minimize regulatory risk and tax liabilities
Advising investors regarding multiple blockchain-related investments and token sales
Preparation of terms of service, terms of sale and privacy policies for blockchain companies
Making connections for clients to our network of experts in a wide range of blockchain-related subjects
Commodities Law
Analysis of applicable CFTC regulations as they apply to a business or platform
Preparation CFTC-compliant policies and business structuring
Public Policy
Our lawyers frequently consult with government officials and employees at the federal and state level, serving as educational resources for government and helping frame the development of blockchain regulation
We are active members of numerous trade and advocacy groups, providing advice and counsel to a wide range of market participants
