A conference about the law’s future titled Block (Legal)Tech, held at the Chicago-Kent College of Law, attracted an A-list collection of speakers and panelists exploring the evolving digital asset landscape and its impact on legal practice. Some 600 attendees from across the country gathered to hear from a number of industry leaders, top blockchain lawyers, educators, and law enforcement officials, including the Treasury Department’s FinCEN Director Kenneth Blanco.
According to the article, here’s one of the key takeaways: “To escape the laws of gravity, it helps to understand them. Stephen Palley, a partner with Anderson Kill, who described himself as someone who sues insurance companies for a living, touched upon a number of crypto-law counsel conundrums. On the subject of considering whom to sue in the crypto space, he observed that a DAO (decentralized autonomous organization, typically consisting of miners and nodes) sounds to him a lot like an unincorporated association, and that’s not a good thing for a DAO.”
Read more: Blockchain and the legal profession