We focus exclusively on legal issues in the financial technology industry - FinTech and RegTech. Spencer & Associates represents entrepreneurs and their companies, with a focus on regulatory compliance with state regulations (e.g., money transmission licenses), federal regulations (Bank Secrecy Act and requirements for money services businesses), U.S. securities regulations. We cover all fifty states, the District of Columbia, and the Commonwealth of Puerto Rico.Arnold Spencer has extensive courtroom experience, and is one of the few attorneys in the United States that has represented clients in a federal trial regarding digital currency. As a federal prosecutor, Mr. Spencer focused on economic fraud and money laundering cases. He has developed an expertise in conveying complex concepts in understandable terms to juries and judges.in civil and criminal enforcement actions. As a former federal prosecutor, Arnold Spencer has extensive experience working with the U.S. Securities and Exchange Commission and the United States Attorney's Offices. He serves on several boards for digital currency companies and is a frequent speaker on Bitcoin, blockchain and anti-money laundering.

Chief legal officer for the largest blockchain infrastructure company in North America, with a focus on Bitcoin mining at an industrial scale.

General Counsel for the largest retail distributor of Bitcoin in the United States, operating over 1000 Bitcoin Teller Machines in more than 40 states. - Responsible for all legal and compliance issues. - Created and oversee proprietary, anti-money laundering policies and procedures for virtual currency transactions among VASPs, exchanges, fiat and crypto lenders and individuals. - Obtained the Digital Currency Business License a/k/a "the BitLicense" from the New York Department of Financial Services (ninth company in the U.S. to receive the license; first Bitcoin Teller Machine operator to receive the license from NYDFS). - Extensive interaction with federal and state regulators regarding money transmission licensing; obtained more than 20 MTLs across the United States. - Developed compliance policies and procedures to meet regulatory requirements for BTMs in Japan, Argentina and UAE; interacted with federal regulators and retail bankers in all three jurisdictions. - Delivered speeches and presentations at IRS headquarters, New York Federal Reserve, Dallas Federal Reserve, United States Attorney's Offices, Texas and Puerto Rico Bankers Association, multiple trade associations, universities, and conferences. - Provided general corporate legal advice and drafted policies for start-up company, including contract review, human resources, capital formation, litigation, business continuity, patent and trademark.

Federal, white collar criminal defense and crypto-currency lawyer handling a local and national docket, including representations in Texas, New York, Mississippi, Arkansas and Washington, DC. Providing counseling in compliance and enforcement matters for crypto-currency companies. Serving as co-counsel and expert witness for Bitcoin and crypto-currency matters. Heavy emphasis of securities matters, fraud and money laundering, including SEC and Texas State Securities Board investigations. Successfully resolved criminal investigations with no charges ever filed on multiple occassions.

Served for ten years as a trial lawyer and one of the senior leaders of the U.S. Attorney's Office. Focused on securities fraud, bank fraud, mail and wire fraud, public corruption, and other, white-collar, financial crimes. Also led the Asset Forfeiture unit. Served as the First Assistant and Chief of the Criminal Division, supervising all the criminal prosecutors in the Plano, Sherman, Tyler, Lufkin and Beaumont Offices.Prosecuted national and international cases, including case involving the collapse of Enron, corporate and environmental fraud cases against national manufacturing company, a money laundering case involving venture capital firms resulting in one of the longest sentences ever handed down by federal judge for an economic crime.

Arnold represented corporations and senior executives in parallel civil and criminal litgation.

Represented public and private companies involved in mergers and acquisitions, including sell-side and buy-side representations; strategic, financial, hostile and friendly acquisitions. Representative clients included Northeast Utilities, Weyerhaeuser, ABB, Oakley, KKR, Bessemer Funds. Regularly worked 100 hours/week.Analyzed corporate financial statements and created detailed pro forma financial projections. Created valuations based on leveraged buyout, discounted cash flow, premiums paid, and comparable public market models.Participated in Project Street, a community service organization of recent college graduates working on Wall Street and volunteering at homeless shelters.