• Coinbase’s planned direct listing, with help from lawyers at Fenwick, is a milestone.
  • A surge of crypto investment has spurred a boom in lawyers to help navigate gray areas.
  • Lawyers at big firms like Goodwin and boutiques like DLx Law are working on cutting-edge issues.

Ten years ago, lawyers could be forgiven for thinking bitcoin and blockchain were a flash in the pan.

Over the past decade, though, and particularly in recent months, digital assets have boomed. 

Big names like MassMutual, MicroStrategy, and Tesla have bought Bitcoin; PayPal and Square’s CashApp have made it easy to buy crypto with the tap of a finger; and major financial players like BNY Mellon and Visa and Mastercard have said they’re planning to offer custody and transaction services for certain digital assets.

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