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Former senior counsel at SEC and BigLaw attorneys enforce Ketsal Consulting to direct Blockchain space from confusion to compliance

The SEC’s regulation facilitates capital formation, which assists entrepreneurs launch businesses and companies prosperity. The Securities and Exchange Commission (SEC) cites that all Initial Coin Offerings (ICOs) should be regulated as securities but when asked if they will ban or regulate the market, an SEC commissioner made it clear he was not suggesting either option. Instead, the focus is on protecting investors from fraudulent investments.

While a former senior special counsel at the US regulatory authority has now collaborated with specialist attorneys who have launched strategic advisory firm Ketsal Consulting in conjunction with law firm Blakemore Fallon to guide companies through the fast-moving blockchain and cryptocurrency legal and regulatory landscape, as per press release. Ketsal Consulting, the professional consulting arm of leading blockchain-focused law firm Fallon, provides participants in the global blockchain market with the strategic guidance needed to navigate the fast-moving legal and regulatory landscape.

The Set-up includes a troop of attorneys from the top law firms and Zachary Fallon, a former senior special counsel at the U.S. Securities and Exchange Commission (SEC) a division of corporation finance, Ketsal Consulting and Blakemore Fallon will provide authoritative advice on building compliance-focused business models at a time when the blockchain industry faces conflicting direction from international regulatory bodies and shifting legal sentiments.

Ketsal Consulting and Blakemore Fallon bring-in some sort of expertise in domestic and international blockchain regulatory framework with founders that have pushed forward innovative forms of financing, helped institutional investors enter the industry, and helped draft and interpret key regulations important to blockchain clients.

The founding team includes Zachary Fallon, a securities law attorney and former Senior Special Counsel in the SEC’s Division of Corporation Finance; Julian Russo, former big law attorney with a specialization in emerging technology companies, formation, financings, and exits at Silicon Valley-based firms WSGR and Cooley; Josh Garcia, previously an enforcement and regulatory attorney specializing in securities, commodities, lending, consumer protection, and payments for Cooley; Laurie Rosini, former specialist attorney to cryptocurrency exchanges and protocol developers on transactions, smart contracts, and regulatory compliance at Perkins Coie; and James Blakemore, former litigation and enforcement attorney for foreign sovereigns, central banks, state-owned entities, and global financial institutions at top international law firm Cleary Gottlieb Steen & Hamilton.

Zachary Fallon, Ketsal Consulting Co-founder and Blakemore Fallon Principal, said: “In 2017, the SEC reminded market participants that coding and cryptography are not the only hyper-technical operational pieces at play in the blockchain ecosystem.”

(The article has been re-edited as per the guidance of wachsman to mention that five specialist attorneys, including a former senior special counsel at the US regulatory authority, have launched strategic advisory firm Ketsal Consulting in conjunction with law firm Blakemore Fallon).

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