Blockchain, Cryptocurrency and Digital Assets

We represent our clients in connection with critical legal matters shaping the future of this sector. The integrated, cross‑disciplinary advice we provide spans capital raising, structuring businesses and products to meet regulatory requirements, regulatory investigations, compliance and enforcement actions, advocacy in connection with blockchain- and crypto‑related rulemakings, and litigation addressing foundational issues at the intersection of technology, trading and the law. The Firm routinely handles transactional matters, including mergers and acquisitions, IPOs and other financings, venture capital and private equity investments, and joint ventures and strategic partnerships for emerging and established companies, and our attorneys provide specialized counsel to traditional financial institutions engaging in blockchain, digital asset and cryptocurrency businesses.

In addition, Cravath has extensive experience in the areas of data security and privacy, offering a sophisticated perspective on key incident preparation and response issues, particularly in connection with significant cyberattacks and related public and regulatory disclosure and securities law matters. We also offer detailed analysis of important intellectual property arrangements in the context of blockchain, smart contracts, decentralized networks and associated applications.

We bring to bear a broad base of legal expertise and market knowledge, supported by a deep bench of former leaders from the U.S. Securities and Exchange Commission, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the U.S. Department of the Treasury, the U.S. Patent and Trademark Office, the U.S. Department of Justice and various U.S. Attorneys’ Offices.

Our attorneys are influential thought leaders who regularly provide insights into emerging and complex issues, including the continuously evolving cryptoasset regulation and securities law landscapes, the future of crypto enforcement and intellectual property rights within a Web3 environment.

Illustrative recent matters include:

• Robinhood’s Acquisition of TradePMR;
• Silvergate’s Settlement Agreements with the Federal Reserve, California Department of Financial Protection and Innovation and Securities and Exchange Commission;
• Brevan Howard Digital’s investments in Super Turbo, Time.fun and Starlight Tech;
• Robinhood Defeats Certification of Proposed Class Asserting Securities Claims in Sprawling “Meme Stock” Litigation;
• Art Blocks’ SAFE financing round;
• Robinhood’s Purchase of Shares, Previously Owned by Emergent Fidelity Technologies, from U.S. Marshals Service;
• Shaolin Capital Management’s PIPE investment in connection with the business combination of Bitcoin Depot and GSR II Meteora Acquisition Corp.;
• Bitdeer’s $1.18 billion SPAC combination with Blue Safari;
• Dfinity Defendants Win Motion to Stay Pursuant to PSLRA in Purported Securities Class Action, Addressing Application in State Court;
• eToro’s proposed $10.4 billion SPAC combination with FinTech V;
• Robinhood’s IPO; and
• Robinhood’s $3.4 Billion Capital Raise.