Two Jones Day partners recognized by the National Law Journal in its inaugural list of Cryptocurrency/Blockchain/FinTech Trailblazers 2018
The National Law Journal has named Stephen J. Obie and Mark W. Rasmussen to its inaugural list of Cryptocurrency/Blockchain/FinTech Trailblazers, which recognizes lawyers that are "moving the needle" in their respective practice areas, showing deep passion and perseverance, and achieving significant success along the way.
Mr. Obie, a partner in Jones Day’s Financial Institutions Litigation & Regulation Practice, led the team that obtained the first-ever effective SEC registration statement involving a public offering using blockchain technology, and is part of the ongoing development of the first-ever security token trading platform. Well-versed in the legal risks associated with cryptocurrencies, Mr. Obie advises clients on their launch of initial coin offerings and their use of blockchain technology to trade securities. He also assists with inquiries by FINRA and the SEC.
In January 2018, Chief Judge Barbara Lynn of the Northern District of Texas appointed Mr. Rasmussen, a partner in the Firm’s Business & Tort Litigation Practice, as the first-ever receiver for an entity facing alleged securities laws violations related to an Initial Coin Offering (ICO) in an enforcement action brought by the U.S. Securities and Exchange Commission (SEC). In this role, faced with novel issues around securing and tracing cryptocurrency assets on public blockchains, Mr. Rasmussen is blazing a new trail as ICO enforcement actions continue to evolve.
Jones Day’s Blockchain & Digital Currencies team combines detailed technical knowledge with a deep and nuanced understanding of real-world legal issues that arise in the implementation of such currencies. The Firm’s team understands the legal and regulatory risks associated with blockchain, as well as the resulting practical and technological challenges, and as a result has a fundamental understanding of the long-term potential for blockchain to affect all types of transactions and systems.
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.