Crypto Still Holds Promise for Lawyers, Despite the Crash

Investors may have pulled away from cryptocurrency after the crash, but law firm partners—banking on increased business opportunities—aren’t recoiling.

As crypto technology continues to innovate, with regulatory and compliance challenges on the horizon, demand for legal services will increase, they said.

“Despite the recent market crashes this year in the price, the advancements in the technologies continue,” said Robert Musiala, a partner at BakerHostetler. “And what I’ve observed over time is that blockchain technology is absolutely here to stay.”

Crypto expansion may get delayed, he said, but it won’t stop. The technology will continue to evolve, with products like nonfungible ...