Veronica Reynolds


Los Angeles
T +1.310.442.8895
F +1.310.820.8859


Veronica Reynolds’ practice focuses on emerging issues related to blockchain, cryptocurrencies and digital assets, non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), Web3, data privacy, information security and intellectual property. In addition to supporting clients as they navigate the unique issues pertaining to these legal sectors, she has spoken on these topics at numerous academic institutions, including UCLA, UC Santa Barbara and UC Irvine School of Law, and co-organized BakerHostetler's 2018 inaugural blockchain and emerging technologies summit at UCLA.

Specifically, Veronica’s experience includes:

  • facilitating white collar cryptocurrency investigations and securities enforcement litigation;
  • assessing legal issues related to cryptocurrencies, non-fungible tokens (NFTs) and decentralized finance, including analysis related to data privacy, information security, money transmitter laws and whether such assets risk being deemed securities or commodities under applicable U.S. laws and regulations;
  • providing counsel regarding U.S. and offshore entity formation, including jurisdictional guidance and coordination with foreign-based counsel;
  • advising on general transactional and corporate matters related to the launch or distribution of digital assets, including NFTs;
  • analyzing regulatory considerations relevant to market makers in the digital assets space;
  • assessing data collection requirements under applicable financial laws and privacy risks of such collection related to indexing of Ethereum blockchain nodes via relational databases.

Additionally, Veronica works with clients to address data privacy compliance, including under the California Consumer Privacy Act (CCPA), with experience drafting privacy policies and notices that reflect clients’ unique consumer and employee data practices, providing advice related to tracking technologies under the CCPA and offering analysis of complex legal issues. She has counseled clients on developing incident response plans and responding to security incidents, including addressing notification obligations and regulatory investigations from various state attorneys generals.

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
New CBDC and NFT Data Released; OFAC Adds Mixer and Public Keys to SDN List; Multiple Crypto Enforcement Actions; Stablecoin Risks on Display
By Lauren Bass, Christina O. Gotsis, Robert A. Musiala Jr., Veronica Reynolds, Jordan R. Silversmith, Joanna F. Wasick
May 13, 2022
...… Continue Reading
Blockchain Monitor
SEC Signals Ramp-Up in Crypto Enforcement by Nearly Doubling Its Crypto Assets Cyber Unit Staff
By John J. Carney, Adam D. Gale, Teresa Goody Guillén, Veronica Reynolds, Joanna F. Wasick
May 5, 2022
On May 3, the U.S. Securities and Exchange Commission (SEC) announced the expansion of its Crypto Assets and Cyber Unit (the Unit f/k/a the Cyber Unit) to 50 staff members, nearly double the Unit’s former size, including supervisors...
Blockchain Monitor
New Crypto Payment Initiatives; Regulators Address Crypto in Speeches; Lawmakers Propose Legislation; OFAC Sanctions Crypto Actors; DeFi Hacked 
By Teresa Goody Guillén, Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Jordan R. Silversmith, Joanna F. Wasick
April 8, 2022
In this issue: • Crypto Payment Initiatives Announced in Stablecoins, Lightning Network, Mining• SEC Chairman and Comptroller of the Currency Address Crypto in Speeches• SEC Addresses Crypto Accounting, Commissioner Peirce Voices...
Blockchain Monitor
Money Laundering Concerns Prompt EU Parliament to Approve Privacy-Reducing Crypto Rules
By Melinda L. McLellan, Veronica Reynolds, Joanna F. Wasick
April 6, 2022
On March 31, 2022, two European Parliament committees – the Committee on Economic and Monetary Affairs and the Committee on Civil Liberties, Justice and Home Affairs (the “Committees”) – voted in favor of new rules (the “Rules”) that would...
Blockchain Monitor
Firms Expand Crypto Services; Networks Implement DAOs and Integrations; Congressmen Address SEC on Crypto; IRS and OECD Address Crypto Tax
By Lauren Bass, Robert A. Musiala Jr., Veronica Reynolds
March 25, 2022
In this issue: Investment Bank and Cryptocurrency Exchanges Expand Crypto Services From Australia to Africa, Cryptocurrency Sees Continued International Adoption ApeCoin Drops; Juno Holders Confiscate Funds; Polygon Integrates Simba Chain...