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
SEC Chair Stands Firm: ‘Vast Majority' of Cryptocurrency Tokens Are Securities
By Kevin R. Edgar, Jonathan A. Forman, Teresa Goody Guillén, Robert A. Musiala Jr., Veronica Reynolds, Michelle N. Tanney, Joanna F. Wasick
September 9, 2022
In prepared remarks delivered at the Practising Law Institute’s “SEC Speaks” program on Sept. 8, Chair Gensler emphasized and reiterated his long-standing position that the vast majority of cryptocurrency tokens are securities, and he...
Blockchain Monitor
Developer Arrested Following OFAC Sanctions of the Tornado Cash Protocol
By Adam D. Gale, Teresa Goody Guillén, Veronica Reynolds, Michelle N. Tanney
August 22, 2022
On Aug. 10, 2022, just days after OFAC issued sanctions against virtual currency mixer Tornado Cash, Dutch authorities arrested the protocol’s alleged developer. In a press release, the Treasury Department alleged that since 2019, Tornado...
Blockchain Monitor
SEC and DOJ Bring Parallel Crypto Insider Trading Cases; SEC Alleges Nine Coinbase-Listed Tokens Are Securities
By John J. Carney, Kevin R. Edgar, Jonathan A. Forman, Adam D. Gale, Teresa Goody Guillén, Robert A. Musiala Jr., Veronica Reynolds, Michelle N. Tanney
July 25, 2022
Significant parallel actions commenced this week by the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) bring crypto fraud enforcement into the spotlight, with the SEC alleging that multiple tokens listed on...
Blockchain Monitor
DOJ Calls on International Partners to Improve Investigative Efficiency in Response to President Biden's Executive Order on Risks Involving Digital Assets
By Teresa Goody Guillén, Christina O. Gotsis, Robert A. Musiala Jr., Carlos F. Ortiz, Veronica Reynolds
June 30, 2022
In June 2022, the Department of Justice (DOJ) issued a report (Report) recommending increased cooperation among international law enforcement agencies to combat threats and crime related to the use and proliferation of digital assets and...
Blockchain Monitor
Financial Firms and Crypto Networks Launch Initiatives; Nonprofit Challenges Crypto Tax Provision; Crypto Enforcement Continues; UST Analysis Published
By Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Jordan R. Silversmith, Kayley B. Sullivan, Joanna F. Wasick
June 17, 2022
In this issue:• Firms Announce New Crypto Initiatives; Data Published on Crypto and NFT Use• Nonprofit Coin Center Files Lawsuit Challenging Crypto Provision of Tax Code• OpenSea and Chainlink Announce Network Transitions• SEC Investigates...