Veronica Reynolds


Los Angeles
T +1.310.442.8895
F +1.310.820.8859


Veronica Reynolds’ practice focuses on emerging issues related to the metaverse, Web3 and blockchain, specifically as they relate to digital or cryptographic assets (cryptocurrencies and non-fungible tokens (NFTs)) and decentralized autonomous organizations (DAOs). As such, Veronica regularly provides counsel regarding companies’ state and federal regulatory obligations including as related to finance, data privacy, information security and intellectual property.

Additionally, Veronica serves as counsel to the court-appointed SEC receiver of a former cryptocurrency fund, has provided counsel to a global iconic retail brand in association with claims against an IP infringer in the NFT space, advises on general transactional and corporate matters related to the launch or distribution of digital assets, including NFTs, and has provided counsel to a global social media and communications company regarding Web3 privacy compliance obligations. Veronica has spoken on these topics at numerous academic institutions, including UCLA, UC Santa Barbara and UC Irvine School of Law, as well as large public companies, and is certified by CipherTrace (a Mastercard company) as a Cryptocurrency Tracing Certified Examiner.

Veronica’s understanding of applicable regulatory compliance extends beyond data privacy and information security and into the financial sector as well. Veronica regularly assesses, on behalf of clients, cryptocurrencies, non-fungible tokens (NFTs) and decentralized finance products for compliance with money transmitter laws and whether such assets risk being deemed securities or commodities under applicable U.S. laws and regulations. This experiences makes her a go-to for crypto-focused white collar cryptocurrency investigations and securities enforcement actions.

Veronica’s transactional and corporate practice is leveraged by clients who need assistance drafting comprehensive yet practical and straightforward consumer-facing terms of use, including for numerous NFT platforms. Further, Veronica regularly provides counsel regarding strategic corporate formation and restructuring to meet clients’ unique business objectives and limitations, including jurisdictional guidance and coordination with foreign-based counsel.

Recognitions and Memberships


  • JD Supra Readers' Choice Award (2022)
    • Top Ten Author in Finance & Banking
    • Top Ten Author in Securities
    • Top Ten Author in White-Collar Defense

Blog Posts

Prior Positions

  • BakerHostetler: Summer Associate
  • The Honorable R. Gary Klausner, U.S. District Court for the Central District of California: Judicial Extern
  • Epitaph / ANTI-Records: Director of Digital Marketing


  • California


  • J.D., University of California, Los Angeles School of Law, 2019; Blockchain at UCLA, Co-Founder; Law and Blockchain Association, Co-Founder; Program for Understanding Law and Technology, Alumni Chair
  • B.A., University of California, Berkeley, 2013


In The Blogs

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Blockchain Monitor
Crypto Market Data Published; Digital Assets RFI Issued; BIS Addresses DeFi; NY DFS Issues Crypto Guidance; SEC Brings Crypto Actions; FBI Addresses Hacks
By Lauren Bass, Teresa Goody Guillén, Amos Kim, Christopher W. Lamb, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
January 27, 2023
In this issue: Reports Address Crypto Ownership, Stablecoins and Dapp Adoption By Amos Kim Recent reports provide new data on various areas of the digital asset market. In one report, a survey published by a cryptocurrency trading platform...
Blockchain Monitor
US Crypto Exchange Consents to $100M DFS Settlement for AML Compliance Failures
By Jonathan A. Forman, Teresa Goody Guillén, Christopher W. Lamb, Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
January 23, 2023
On January 4, 2023, the New York State Department of Financial Services (“DFS”) announced that Coinbase, Inc., a major U.S. cryptocurrency exchange, will pay a $50 million penalty and invest an additional $50 million in its compliance...
Blockchain Monitor
IRS Warns: Hundreds of Crypto Criminal Tax Cases Coming Soon; Hiring of 300 Special Agents Means More to Follow
By Christina O. Gotsis, Carlos F. Ortiz, Veronica Reynolds, Elizabeth Ann Smith, Kayley B. Sullivan
November 16, 2022
The 2022 annual report from the IRS Criminal Investigations (CI) division (the Report) demonstrates an impressive year for enforcement, particularly with regard to cryptocurrency. Following the publication, CI Chief Jim Lee made clear that...
Blockchain Monitor
CBDC Report Published; Crypto and NFT Initiatives Launch; OFAC Redesignates Tornado Cash; SEC and CFTC Target Crypto Fraud; FTX Files for Bankruptcy
By Amos Kim, Christopher W. Lamb, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
November 11, 2022
In this issue: • CBDC Report Published, Blockchain Settlement and Payment Initiatives Launch• NFT World Cup Initiative Launched, Market Actors Launch NFT Royalty Solutions• OFAC Redesignates Tornado Cash, Mixer Receives Hacked Crypto• SEC...
Blockchain Monitor
US District Court Finds LBRY Tokens Are Securities
By Kevin R. Edgar, Adam D. Gale, Teresa Goody Guillén, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
November 11, 2022
In 2016, crypto startup LBRY launched the LBRY network and the LBRY protocol, described by LBRY as a decentralized content sharing and publishing protocol that supports the creation of community-run digital marketplaces. The same year...