A team of Jones Day lawyers has produced an important resource that provides a thoughtful and practical guide to the transformative field of blockchain.
Blockchain for Business Lawyers, written entirely by Jones Day lawyers and published by the American Bar Association (ABA)’s Section of Science & Technology, provides readers a comprehensive look at blockchain technology from a business lawyer’s perspective. Specifically, the Jones Day team describes blockchain technology as well as a detailed review of cryptocurrencies and financial regulations (with a particular focus on the United States), smart code and smart contracts, security and privacy, antitrust regulations, the regulation of money transmission, applicable U.S. state laws, and disputes, liability and jurisdiction issues related to blockchain.
The book’s co-editors, Mark W. Rasmussen and James A. Cox, are both lawyers in Jones Day’s Dallas Office. Mr. Rasmussen was recently appointed by the Northern District of Texas to be the first-ever receiver in an SEC enforcement action involving an Initial Coin Offering promoter. A Harvard-trained computer science graduate, Mr. Cox has advised clients on numerous cryptocurrency and the blockchain matters, addressing Bitcoin, Ethereum, and other virtual currencies, as well as broader applications of distributed-ledger technology. Together Messrs. Rasmussen and Cox led 18 Firm lawyers who served as authors for the book’s eight chapters.
"Mark and Jim are extraordinarily well-versed on the technology behind and application of blockchains and cryptocurrencies, and their impressive work to gather the Firm’s extensive worldwide knowledge into a book will serve as a terrific resource to practitioners," said Jay Tambe, who co-leads Jones Day’s Financial Institutions Litigation & Regulation (FILR) Practice.
"Distributed-ledger technology has the potential to transform many day to day business activities, develop the digital economy and enhance financial security for businesses," added Tony Dias, a Miami-based partner at Jones Day who co-leads the Firm’s FILR Practice with Mr. Tambe. "Through the leadership of Steve Obie in our New York Office, and Harriet Territt in our London Office, the Firm’s blockchain team continues to accumulate vast knowledge on blockchain and cryptocurrency matters and advise clients on a wide range business opportunities and risk brought about by disruptive change."
Jones Day is a global law firm with more than 2,500 lawyers in 43 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.