Cryptocurrency and blockchain are transforming and disrupting many industries, including financial institutions, insurance, retail, contracting, real estate, gaming, energy and others. Cryptocurrency, perhaps blockchain’s best known application, is already transforming financial services and banking systems.
The advantages and benefits of these emerging technologies pose unprecedented adoption, privacy, security, regulatory and environmental challenges. The ever-changing landscape requires clients to partner with a sophisticated law firm with relevant experience.
Phillips Lytle’s Cryptocurrency and Blockchain Team represents blockchain and virtual currency firms in matters involving a variety of legal issues that arise regarding mining operations, including land use and permitting, contracts, energy, protection of digital assets, regulatory agencies, compliance with securities laws, contracting, litigation, privacy and security.
The critical infrastructure supporting Bitcoin mining and other digital assets, cryptocurrency transactions, and data center operations relies upon an energy-intensive process that is garnering increasing scrutiny from regulators and environmentalists. Concerns range from sustainability, deployment and siting to regulation of mining operations.
Crypto mining companies increasingly use renewable energy sources and technologies, such as nuclear, hydrogen, hydropower, microgrids, geothermal energy storage or solar to power their operations. New York, with its diverse energy source offerings and other unique attributes, has become the region of focus for crypto miners and the regulation of the related environmental impact.
Phillips Lytle has been a leader in emerging markets and environmental law across the Northeast for decades, and our Cryptocurrency and Blockchain Team has distinctive and groundbreaking experience in helping crypto miners navigate through these rapidly evolving and novel regulations.
The Phillips Lytle team further handles disputes regarding business, siting and insurance disputes involving cryptocurrency. This includes representing operators in litigation related to their siting and affiliated transactions, such as New York State Public Service Commission (PSC) approvals.
Our experienced Intellectual Property attorneys have a breadth of experience that allows us to provide clients with a multidisciplined approach to their legal challenges. Our Cryptocurrency and Blockchain Team combines with our Intellectual Property Team to advise clients facing challenges related to intellectual property and trade secrets in the blockchain and cryptocurrency space.
Our Cryptocurrency lawyers have represented cryptocurrency miners as well as a number of businesses that develop blockchain technology.
With state and federal laws and regulations continuously changing, cryptocurrency mining companies require capable legal advisors to navigate compliance with regulations and risk management. We provide a multidisciplinary team with an established track record of guiding clients through emerging legal developments on a regional and national scale.
With an exceptional team of development attorneys, regulatory counsel and litigators, and our deep expertise in insurance and financial services representations and disputes, combined with a superior track record in business formation and environmental regulation, Phillips Lytle is assisting clients on all ends of the spectrum.
Our cryptocurrency and blockchain clients and matters include:Please visit our Corporate, Environmental Law, Energy and Renewables, Technology, Data Privacy and Cybersecurity, Securities and Capital Markets Law, Litigation, Insurance Coverage and Real Estate pages for related information.
Receive firm communications, legal news and industry alerts delivered to your inbox.
Subscribe Now
