Non-Fungible Tokens (NFTs): When Collecting Meets Crypto, Legal Challenges Abound

May 6, 2021

O’Melveny presented Non-Fungible Tokens (NFTs): When Collecting Meets Crypto, Legal Challenges Abound, a CLE program on the legal implications of the latest crypto craze.

Fintech Group Chair Eric Sibbitt, partners Laurel Loomis Rimon and Heather Meeker, and counsel Braddock Stevenson discussed what NFT creators, vendors, online marketplaces, and purchasers need to consider, from intellectual property and securities regulation to anti-money laundering, sanctions, and cybersecurity.



Eric Sibbitt, chair of O’Melveny’s Financial Technology Practice, structures and executes initial public offerings and other complex capital-raising transactions for companies and underwriters, including NYSE and NASDAQ listings, registered follow-on offerings, global offerings, PIPEs and other private offerings, and liability management transactions. Clients turn to Eric for boardroom counsel on SEC and corporate governance matters, and he also frequently advises on cross-border public and private company mergers, acquisitions, tender offers, and going-private transactions.

Heather Meeker advises technology clients on intellectual property matters, including licensing and collaboration arrangements, software copyright and patent issues, technology procurement, open source licensing strategies, and intellectual property issues in investments, mergers and acquisitions. Her latest book, Open Source for Business, is a definitive handbook for lawyers, engineers, and businesspersons on open source licensing in business.

Laurel Loomis Rimon advises financial institutions, fintech companies, and government entities on compliance issues, enforcement actions, and internal and government investigations. Laurel leverages her deep regulatory and enforcement experience to help her financial institution clients develop compliance programs and respond to DOJ and CFPB inquiries and enforcement actions regarding anti-money laundering, Bank Secrecy Act, and the Consumer Financial Protection Act. She also advises cutting-edge fintech companies in the payments and cryptocurrency spaces on financial regulatory compliance and enforcement matters relating to AML, sanctions, and consumer protection.

Braddock Stevenson advises financial institutions and fintech companies on anti-money laundering and Bank Secrecy Act (BSA) compliance to help them navigate investigations and enforcement matters. Braddock is a member of O’Melveny’s Coronavirus Task Force, advising clients on their eligibility for and obligations under available federal finance programs. He counsels small to mid-size businesses on SBA lending, Federal Reserve credit facilities, and health and human services grants and state and local governments on federal block grants.