Patrick Daugherty on UChicago's Desk Reference for Crypto, Web3 – 'This is very much for lawyers'

Foley & Lardner LLP partner Patrick Daugherty commented on the University of Chicago Law School’s recently released open-access legal desk reference on crypto and Web3 matters in the Law.com article, “UChicago Law Professors Release Desk Reference Breaking Down Crypto, Web 3 for Attorneys.”

Daugherty, who heads Foley’s Digital Assets, Web3 & NFT team, said the chapter he authored on raising capital in the reference covers the business side of crypto assets, including lawful compliance with Securities Act registration exemption requirements in capital raising transactions.

“This is very much for lawyers,” Daugherty explained. “This is not something entrepreneurs should undertake without a lawyer’s help.”

He noted the project’s leaders, particularly Anup Malani and Todd Henderson – editors and University of Chicago Law School professors – approached many potential contributors for “Legal Matters in Web 3: A Desk Reference.”

“The University of Chicago is all about creating knowledge and that’s what we’ve done in this book,” Daugherty said. “Not just my chapter but the other chapters as well. This book has a great number of scholars and practitioners in sub-specialties, and they tell you how to do it. That was Anup’s design.”

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