A New Frontier Holding Unmatched Opportunity
With Legal Considerations Demanding Uniquely Creative Lawyering
It is the year 2022, and even the most ardent doubters of the revolutionary power of blockchain and its associated applications, such as Bitcoin, acknowledge the immense dispersion the technology will bring and the entrenched sectors it will upend in the process. From its slow adoption in the earlier part of the 21st century to the sudden mass inclusion of blockchain technology across business functions ranging from supply chain logistics to banking, blockchain is upending the old and bringing a decentralized and distributed approach to an increasing slice of the economy. However, while it is clear that blockchain technology holds immense opportunity, there are legal considerations and risks in practically every application of the technology that requires uniquely creative lawyering. From the IP considerations relating to non-fungible tokens (NFTs) to the age-old question of which tokens and cryptocurrencies meet the factors of the Howey Test for classification as a security, as well as the burgeoning DePIN (decentralized physical infrastructure networks) sector, it is essential to pursue the opportunity blockchain provides while also being mindful of associated legal and regulatory risk.
To meet the dynamic challenges that blockchain technologies pose for clients, RICHT formed LexoCrypto™; our multidisciplinary legal practice focused on the intersection of cryptocurrency and blockchain with the law.
Blockchain Law Services We Provide
Intellectual Property Protection
Contract Drafting & Negotiation
Regulatory Risk Review & Advisory Including Whitepapers
Howey Test Analysis
Illegal Gambling Considerations
Privacy & Cybersecurity Law