Bull Blockchain Law LLP is a leading boutique law firm advising the next wave of the world’s most innovative companies.
Bull Blockchain Law helps clients navigate the complex and ever-shifting regulatory landscape in the crypto industry.
The development and implementation of token incentive systems requires careful consideration of several regulatory frameworks, including tax laws, money laundering and financial crimes laws, and commodities and securities laws. Our firm is experienced in handling matters regulated by the Internal Revenue Service, the Financial Crimes Enforcement Network (FinCEN), the Securities Exchange Commission and the Commodity Futures Trading Commission (CFTC).
The Financial Crimes Enforcement Network (FinCEN) requires money services businesses to register with the Department of Treasury and implement policies and procedures to prevent money laundering and terrorist financing. In addition, each state applies different legal definitions and requirements to virtual currency businesses. Virtual currency businesses need clarity on state statutes and efficient strategies for meeting varying state requirements.
The activities of cryptocurrency businesses require a review of nuanced statutes and regulations enforced by the Securities Exchange Commission. One such statute is the Securities Exchange Act of 1934, which requires contains provisions relating to securities brokers, dealers, and financial institutions. Generally, a broker is any person engaged in the business of effecting transactions in securities for the account of others.
Business planning for blockchain and FinTech companies requires thoughtful and strategic preparation. Our experienced attorneys assist with business planning and advising throughout all stages of corporate existence, from formation to Series A to exit. Clients appreciate our commitment to providing tailored but efficient legal strategies, for navigating complex regulatory frameworks in a variety of industries, including blockchain, fintech, gaming, cannabis, and emerging technologies.
Our attorneys provide legal clarity to those operating within the Non-Fungible Token industry. NFTs carry data that specifies anything from a .JPEG, MP4, or .PDF of a contract on an immutable blockchain. This means NFTs cannot be tampered with. However, there are significant legal implications regarding royalties, legal status, copyright, and licensing issues that we help clients navigate daily. Representing a few of the largest play-to-earn NFT based games in the industry, our lawyers have been around since cryptopunks launched. From exchanges to individual issuers, we bring tech-based clarity to those in the industry.
The banking system in the United States consists of two regimes: a nationally regulated system and a state-regulated system. Many states have laws permitting the operation of a state-chartered trust company, a premier option for certain virtual currency businesses. New York, for example, issues charters for Limited Purpose Trust Companies allowing virtual currency companies to buy, sell, transmit, store and custody virtual currency on behalf of third-parties, including exchanging virtual currencies for fiat currencies, operate a virtual currency trading exchange, and issue virtual currency.
Startups and emerging companies require robust intellectual property protection programs. We work diligently to understand our client’s unique business needs and assist with the negotiation, preparation, and enforcement of a variety of IP agreements including licensing, assignment, consulting, confidentiality, and joint venture agreements.
Our attorneys have advised issuers of digital securities since as early as 2018, and have gained understanding and experience crucial to navigating complex questions of law and technology faced by issuers. Digital securities can represent ownership interests in a variety of entities and indirectly in any type of asset. The benefits of blockchain and smart contract technology allow for the issuance of securities in a secure and transparent manner. Importantly, digital securities may be issued in compliance with, rather than in contravention, of existing regulations.
Launching an investment fund requires careful consideration of complex state and federal financial regulations and strategic decision making. Our experienced attorneys provide fund managers with insight on “what’s market” and tailor legal solutions to fit each fund sponsor’s unique investment strategy. As blockchain industry leaders, our attorneys can also assist with forming tokenized funds and funds specializing in digital asset investing.
Our attorneys litigate on behalf of businesses and consumers. For businesses, the regulatory landscape faced by blockchain start-ups, financial technology companies, and innovative financial institutions can be a minefield, and these companies can quickly find themselves embroiled in litigation across opportunistic litigants. It is vitally important for founders, executives and principals to be aware of their personal and business risk exposure at all times.
Our lawyers advise on enterprise risk management issues, legal liability, and other areas of law related to the creation and use of artificial intelligence (AI) and machine learning tools. This is a particularly challenging area with the recent availability of large language “generative AI” models, such as ChatGPT, Microsoft Bing, and Google Bard, among others.
Comprised of leading blockchain technology attorneys featured in Forbes and international legal publications.
Selected by EU Commission as U.S. law firm leading the study of legality, governance, and interoperability of blockchains and smart contracts.