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
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.
Does Your Homeowners Insurance Provide Adequate Coverage?
Your home is likely your greatest asset, which is why it is so important to adequately protect it. Homeowners insurance protects you from the financial costs of unforeseen losses, such as theft, fire, and natural disasters, by helping you rebuild and replace possessions that were lost While the definition of “adequate” coverage depends upon a […]
Understanding the Importance of a Non-Contingent Offer
Making a non-contingent offer can dramatically increase your chances of securing a real estate transaction, particularly in competitive markets like New York City. However, buyers should understand that waiving contingencies, including those related to financing, or appraisals, also comes with significant risks. Determining your best strategy requires careful analysis of the property, the market, and […]
Fred D. Zemel Appointed Chair of Strategic Planning at Scarinci & Hollenbeck, LLC
Business Transactional Attorney Zemel to Spearhead Strategic Initiatives for Continued Growth and Innovation Little Falls, NJ – February 21, 2025 – Scarinci & Hollenbeck, LLC is pleased to announce that Partner Fred D. Zemel has been named Chair of the firm’s Strategic Planning Committee. In this role, Mr. Zemel will lead the committee in identifying, […]
Novation Agreement Process: Step-by-Step Guide for Businesses
Big changes sometimes occur during the life cycle of a contract. Cancelling a contract outright can be bad for your reputation and your bottom line. Businesses need to know how to best address a change in circumstances, while also protecting their legal rights. One option is to transfer the “benefits and the burdens” of a […]
What Is a Trade Secret? Key Elements and Legal Protections Explained
What is a trade secret and why you you protect them? Technology has made trade secret theft even easier and more prevalent. In fact, businesses lose billions of dollars every year due to trade secret theft committed by employees, competitors, and even foreign governments. But what is a trade secret? And how do you protect […]
What Is Title Insurance? Safeguarding Against Title Defects
If you are considering the purchase of a property, you may wonder — what is title insurance, do I need it, and why do I need it? Even seasoned property owners may question if the added expense and extra paperwork is really necessary, especially considering that people and entities insured by title insurance make fewer […]
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.
The Role of a Blockchain Lawyer
Author: Christopher D. Warren
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
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.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
