Warner Norcross + Judd LLP represented a charitable foundation in navigating the complex multi-state exemptions available for charitable organizations that offer and sell securities in the form of cryptocurrency tokens that constitute investment contracts under federal and state securities laws. The offering was structured to ensure multi-state compliance, utilizing a phased roll-out of the offering depending on each particular state’s registration and exemption requirements for the securities, the issuer and the issuer’s agents. Warner’s role was limited to serving as Blue Sky Law counsel with respect to issuance of the tokens. Warner coordinated closely with other counsel with nationally recognized “crypto” expertise that advised the client on all other matters related to the cryptocurrency tokens.
Experience
