Blockchain, Digital Currencies & Smart ContractsOverviewAs the use of distributed ledger technology (DLT) and smart contracts becomes more prevalent, and as digital currencies gather international attention, Michael Best’s Blockchain, Digital Currencies & Smart Contracts team is here to help your company adopt, invest in, create technological solutions around, and navigate the regulatory landscape of blockchain and DLT. Michael Best attorneys are uniquely positioned to provide legal counsel regarding DLT and its many potential uses. We have assembled a multi-disciplinary team of blockchain experts who will help your business take full advantage of this exciting technology - whether it’s protecting your intellectual property, getting your blockchain start-up up and running, assisting your business in accepting bitcoin payments, facilitating an initial coin offering, or helping you understand what the regulatory landscape looks like in your industry. Our team has both the technological and legal expertise to help your business compete and succeed in this area. Experience
- Advise a creator of online gaming platform on the issuance of virtual currency, which can be used within the game or on third party platforms, and on the application of federal (FinCen) and state money transmitter laws to the creator's gaming platform.
- Advise companies in the banking and finance sectors on the legal, regulatory and business implications of adopting blockchain technology.
- Engage with policymakers, federal agencies, and entities in the private sector, to educate them about our client, who is a provider of blockchain and AI technologies, and identify and build out business opportunities and relationships.
- Represent a digital currency trading brokerage firm, which will provide trade quality and customer-focused tools and technology to help customers to become successful digital currency traders. We assisted the entity with their application to the U.S. Securities and Exchange Commission (SEC) to become an alternative trading system, and in their communication with the Financial Industry Regulatory Authority (FINRA) for approval, and are assisting them in applications to become a money transfer business in all 50 states.
- Defended a digital currency trader in a dispute with the client’s trading partner, a large player in the cryptocurrency market. After negotiating a trade, our client discovered he had been hacked and lacked the necessary cryptocurrency to complete the trade. Anticipating delivery from our client, the plaintiff negotiated subsequent trades with third parties and suffered substantial financial losses purchasing the replacement cryptocurrency needed to cover those trades. We successfully argued that the plaintiff had not followed the protocol set forth by its own trade agreement, which it had required our client to sign. Because the trade agreement established requirements for executing a trade, including a time frame and manner for acceptance that plaintiff did not follow, our client successfully avoided liability.
Related People Preview Attorney's BiographyClients rely on Tony for the skills and insight he has gained in his over 20 years of Intellectual Property litigation practice. He has experience in patent, trademark, copyright, and trade secret litigation in trial and appellate courts across the country.
 Preview Attorney's BiographyAs a partner with Michael Best Strategies, Anne’s work involves providing strategic planning, policy advice, and representational services to major corporations on federal and state legislative and regulatory issues in the financial services industry, tax and trade, health care, infrastructure, and budget policy areas. Anne C. Canfield* *Names that appear with an asterisk indicate a Michael Best professional not admitted to practice law.  Preview Attorney's BiographyDavid is an attorney in the firm’s Corporate practice group and a member of the Venture Best® team. He focuses his practice on matters relating to start-up and emerging businesses as well as digital technology.  Preview Attorney's BiographyJustin assists clients in achieving their business goals by obtaining protection of their intellectual property rights and developing strategies to enforce them. Justin has extensive experience resolving IP related disputes through litigation. He has achieved positive results on behalf of his clients in cases involving utility patents, design patents, trade dress, copyrights, as well as challenging the validity of patents through Post-Grant Proceedings before the United States Patent Office (USPTO).  Preview Attorney's BiographyDave is a skilled and entrepreneurial-minded attorney who focuses on helping start-up and early growth companies with all of their business needs.  Preview Attorney's BiographyKnown for giving practical and actionable legal advice, Adrienne counsels clients on the many complex aspects of privacy and data management matters. Her extensive background includes experience with issues relating to the Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act (FCRA), the Telephone Consumer Protection Act (TCPA), as well as privacy programs and cyber security issues.  Preview Attorney's BiographyAs a Principal on the Michael Best Strategies' federal government relations team with over ten years of experience, Sarah brings a strong legal background and understanding of where law and policy intersect.
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