Why Attorneys Should be “Crypto-Literate” and the Evolving Crypto Regulatory Environment (Hailey Lennon & Preston Byrne – Brown Rudnick)

<p>In this episode, lawyers Hailey Lennon and Preston Byrne discuss the current state of crypto regulation in the US and explain why being “crypto literate” will benefit lawyers.</p> <p>Hailey and Preston practice with Brown Rudnick’s Digital Commerce group. Hailey counsels fintech and crypto companies on regulatory requirements and Preston advises technology companies on corporate and commercial law issues.</p> <p>Both Hailey and Preston have deep crypto experience from both private practice and also as in-house counsel for crypto and blockchain companies. This episode touches on the SEC’s enforcement actions against crypto players and the importance of decentralized tools.</p> <p>They also discuss the potential loss of talent and innovation in the US due to lack of guidance and the importance (and difficulty) of educating others about the industry.</p> <p>The duo also explain why it is important for lawyers in many practice areas to be “crypto literate” and possess a working knowledge of blockchain concepts. They point out that crypto is not a legal discipline, but is a market sector needing the same type of legal work other businesses do.</p>