50+ attorneys team up for Digital Currency and Ledger Defense Coalition

Regulation | October 12, 2016 By:

A new coalition has been formed that will focus on the legal issues surrounding digital currency and distributed ledger technology.

A new coalition, called the Digital Currency and Ledger Defense Coalition (DCLDC), will help individuals facing legal concerns pertaining to digital currency- and blockchain-related cases.

Brian Klien (Baker Marquart); Jerry Brito (Coin Center); Marjorie Peerce (Ballard Spahr); Grant Fondo (Goodwin); and Marcia Hofmann (Zeitgeist Law) will serve on the group’s board of directors.

“Law enforcement and regulatory actions relating to this technology have been steadily increasing over time and are all too often misdirected or premature. It is all too common for responsible entrepreneurs and companies to be subjected to unfair scrutiny by some federal or state agency, which, at a minimum, stifles them and broader innovation,” said Brian Klein, partner at Baker Marquart LLP and the chair of the DCLDC.

The DCLDC launch comes a few days after the formation of the bipartisan Congressional Blockchain Caucus by Coin Center, an initiative dedicated to “the advancement of sound public policy towards cryptocurrencies and other blockchain-based technologies.”