Patrick Daugherty directs a corporate, M&A, finance, financial regulatory and fintech law practice. He founded and leads the digital assets practice of law firm Foley & Lardner LLP. He also is the most senior securities lawyer in the firm. His digital asset clients (that can be identified) have included Anchorage Digital, ARK Invest, CoinFlip, CoinList, Cube Exchange, Galaxy Digital, INX, Robinhood and other digital assets platforms, as well as private crypto funds, family offices, proprietary trading firms, Layer 1 and Layer 2 blockchain developers and token sellers. Patrick has advised Schwab and its predecessors on multi-billion-dollar financial transactions for more than a decade and has advised Schwab on crypto asset matters. A graduate of Northwestern and Cornell, early in his career Patrick clerked for two Chief Judges of the U.S. District Court for the Southern District of New York, later serving as Counsel to SEC Commissioner Edward Fleischman during the Reagan and George H.W. Bush Administrations. He believes that he was the first SEC employee to join the Federalist Society. Today he sits on the Executive Committee of its Financial Services Practice Group and conducts programs for the Federalist Society on the SEC and crypto assets. In 1986, while at the SEC, he helped craft Rule 144A and Regulation S, which are SEC registration exemptions used today in institutional and off-shore token markets. A Life Member of the American Law Institute, he is the author, co-author, or editor of several books on securities regulation and new financial products. He teaches a seminar that he created on “Digital Assets” at Cornell Law and co-teaches (with Professor John O. McGinnis) another seminar on “Blockchain and the Law of Cryptocurrency” at Northwestern Law. He also lectures occasionally to J.D. and M.B.A. students at the University of Chicago.Attorney Advertising. Content does not constitute legal advice. Opinions expressed are solely those of Patrick Daugherty and do not express the views or opinions of any organization with which he is affiliated.