The crypto industry is suffering its biggest setback to date, with token values down substantially and decentralized finance (DeFi) companies imploding. Yet attorneys expect legal work in the crypto space to increase in the coming years, according to a recent Bloomberg Law survey.
The results from Bloomberg Law’s second State of Practice survey also suggest that crypto legal work is beginning to move into the mainstream.
What Crypto Attorneys Told Us About Their Practices
The survey was conducted between June 29 and July 22, with responses from 382 lawyers who had a mean of 18.6 years’ experience practicing law.
Of those surveyed, 27 respondents (7.1%) currently practice in the cryptocurrency space. Looking forward, 46 attorneys (12.1%) said they were considering expanding into cryptocurrency and 30 attorneys (7.9%) indicated they were contemplating expanding their practice to include the metaverse. . As might be expected for a developing industry, crypto makes up a small part of...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...