Scarinci Hollenbeck, LLC, LLCScarinci Hollenbeck, LLC, LLC

Firm Insights

The Role of a Blockchain Lawyer

Author: Scarinci Hollenbeck, LLC

Date: July 10, 2024

Key Contacts

Back
The Role of a Blockchain Lawyer

A blockchain lawyer helps clients successfully navigate the ever-evolving regulatory body of law and avoid unnecessary legal risks. Obtaining experienced legal advice allows companies to confidently take advantage of blockchain technology, intellectual property protection, and reduces the likelihood of costly errors in corporate governance.

At Scarinci Hollenbeck, we offer attorneys dedicated to understanding the intersections of technology and the law governing IT. Armed with an understanding of both the technological aspects of blockchain and the complex legal framework that governs its use, we provide strategic counsel across a broad spectrum of matters, including token offerings, blockchain intellectual property development, and cryptocurrency transactions.

Understanding Blockchain Infrastructures

Blockchain is a decentralized software application that tracks data by validating and storing data in blocks that are strung and linked together chronologically in an immutable chain. The data blocks are linked together through the use of a cryptographic “hash” of the previous block, a timestamp, and transaction data.

Blockchain transactions are authorized using a mathematical formula, and each verified computer that is connected to the network receives a copy of the blockchain. The technology-based verification system is revolutionary because it requires no human oversight and no centralized authority, like a bank, to confirm the transactions that occur.

Blockchain is unique in that the data chain is immutable and irreversible due to the hash encryptions. Additionally, all activity on the chain is public across the network and seen by all the nodes. Altering a block of data is virtually impossible because doing so requires cracking the encryptions of all subsequent blocks of data on the chain to get to the block one wants to alter.

While cryptocurrencies like Bitcoin are the most well-known application of blockchain, the technology can underpin virtually any transaction. For instance, blockchain is increasingly used for the following:

  • Asset management
  • Banking
  • Smart contracts
  • Supply chain management
  • Real estate transactions
  • Recordkeeping
  • Initial coin offerings (ICOs)
  • Non-fungible tokens (NFTs) and other tokenized assets

Complex Blockchain Legal Issues Require Skilled Guidance

Blockchain businesses face the same legal issues every other entity must face, from raising capital to hiring employees to securing their intellectual property. However, businesses in the blockchain industry face the additional challenges of operating in an uncertain and rapidly evolving legal landscape.

To help blockchain businesses overcome these challenges, our blockchain lawyers provide comprehensive counsel on a wide range of legal issues, including:

  • Business Formation: Compliance starts with the basics. Blockchain attorneys advise businesses regarding their everyday operations, including entity formation, corporate governance, and capital-raising activities.
  • Securities Transactions: Blockchain lawyers advise businesses related to fund formation, initial coin offerings (ICOs), tokenization projects, and M&A transactions. Among other issues, they assist with the legal structuring, documentation, and compliance to ensure successful and legally sound offerings.
  • Cybersecurity and Data Privacy: While blockchain technology offers enhanced security and privacy features, it also comes with unique risks. Blockchain and crypto attorneys address issues related to data protection, privacy laws, and cybersecurity, ensuring that clients’ blockchain implementations comply with applicable regulations.
  • Regulatory Compliance: The compliance obligations of businesses using blockchain can vary significantly based on several factors, such as how they are using the technology and the jurisdictions in which they operate. A blockchain attorney helps businesses comply with state-level licensing requirements, federal securities regulations,anti-money laundering laws, and tax regulations. Blockchain attorneys also advise clients on the legislative developments related to blockchain worldwide.
  • Intellectual Property: Blockchain businesses must safeguard their intellectual property (IP). A blockchain attorney helps clients devise a comprehensive IP strategy, including patent applications, trademark registration, and protection of proprietary technology.
  • Litigation: Litigation involving blockchain technology has skyrocketed in recent years. Businesses facing investor lawsuits, government enforcement actions and investigations, and business litigation require robust representation.

Partner with a Cutting-Edge Blockchain Lawyer

Scarinci Hollenbeck has an entire practice area dedicated to the complex legal issues impacting entities operating in the blockchain and cryptocurrency industries. The attorneys of our Blockchain Offerings, Cryptocurrency Defense & Investigations practice understand the challenges that come along with cutting-edge technology and are dedicated to helping our clients achieve their goals and safeguard their interests in the rapidly blockchain space.

Whether you are launching a new blockchain project, conducting a token offering, or seeking regulatory compliance, our team of blockchain attorneys and cryptocurrency lawyers is here to provide the legal advice you need to be successful.

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Scarinci Hollenbeck, LLC, LLC

Related Posts

See all
What Every Real Estate Investor Should Know Before Buying a Rental Property post image

What Every Real Estate Investor Should Know Before Buying a Rental Property

Before buying a New Jersey rental property, an investor should verify realistic operating numbers, the property’s legal and regulatory status, lead-based paint and flood compliance, the existing leases and tenant protections, and the right ownership structure. A rental property is more than a piece of real estate; it is an operating business subject to legal, […]

Author: Donald M. Pepe

Link to post with title - "What Every Real Estate Investor Should Know Before Buying a Rental Property"
Can You Change an Irrevocable Trust in New Jersey? post image

Can You Change an Irrevocable Trust in New Jersey?

In New Jersey, an irrevocable trust can sometimes be modified even though its name suggests otherwise, and one of the primary tools for doing so is a process called decanting. Whether decanting is available depends on the specific terms of the trust and the discretion given to the trustee. Key takeaways: New Jersey has no […]

Author: Marc J. Comer

Link to post with title - "Can You Change an Irrevocable Trust in New Jersey?"
How Intellectual Property Valuation Will Impact Business Transactions post image

How Intellectual Property Valuation Will Impact Business Transactions

Intellectual property valuation determines the monetary value of a business’s IP assets, and it drives outcomes in licensing deals, joint ventures, mergers and acquisitions, financing, and ownership disputes. The most valuable assets of a business are often the things that cannot be seen or touched: a proprietary process, a copyrighted work, brand recognition, or the […]

Author: Jay McDaniel

Link to post with title - "How Intellectual Property Valuation Will Impact Business Transactions"
Data Center, Dark Fiber, and Lit Services Agreements in New Jersey: Key Terms and Legal Pitfalls post image

Data Center, Dark Fiber, and Lit Services Agreements in New Jersey: Key Terms and Legal Pitfalls

For New Jersey data center owners and operators, a service agreement may look routine when it is signed. The network is functioning, the vendor is meeting its installation schedule, and the parties have agreed on pricing and performance specifications. The provisions that seem most important at that stage are often the technical ones. That changes […]

Author: George McGowan

Link to post with title - "Data Center, Dark Fiber, and Lit Services Agreements in New Jersey: Key Terms and Legal Pitfalls"
Fort Monmouth Redevelopment and the Transformation of Monmouth County Real Estate post image

Fort Monmouth Redevelopment and the Transformation of Monmouth County Real Estate

The Fort Monmouth redevelopment has entered its execution phase, and it is repositioning the broader Monmouth County real estate market. When Netflix and the Fort Monmouth Economic Revitalization Authority closed on the 292-acre Mega Parcel in December 2025, the transaction did more than hand over a deed. It marked the moment Fort Monmouth stopped being […]

Author: Donald M. Pepe

Link to post with title - "Fort Monmouth Redevelopment and the Transformation of Monmouth County Real Estate"
Local Zoning and Land Use Rules Every New Jersey Rental Property Owner Should Understand post image

Local Zoning and Land Use Rules Every New Jersey Rental Property Owner Should Understand

Owning a residential rental property in New Jersey involves more than finding tenants and collecting rent. Property owners must comply with a combination of state laws, municipal ordinances, building and housing codes, and zoning and land use regulations. These requirements can affect everything from the number of dwelling units permitted at a property to whether […]

Author: Donald M. Pepe

Link to post with title - "Local Zoning and Land Use Rules Every New Jersey Rental Property Owner Should Understand"

No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.

Sign up to get the latest from our attorneys!

Explore What Matters Most to You.

Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.

Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.

Let`s get in touch!

* The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form. By providing a telephone number and submitting this form you are consenting to be contacted by SMS text message. Message & data rates may apply. Message frequency may vary. You can reply STOP to opt-out of further messaging.
“If you would like to submit a file, please email it directly to info@sh-law.com.

Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!