Continuing Education Information Sheet

• Explain how utility tokens differ from security tokens and why the distinction carries significant legal consequences
• Describe the mechanics of an ICO, from token creation through distribution, and identify where legal exposure arises
• Apply key regulatory frameworks and classification tests to assess how a token offering might be treated by relevant authorities
• Identify the primary disclosure, compliance, and anti-fraud obligations that may attach to organizations conducting or advising on ICOs
• Recognize the contractual and governance documents commonly used in token offerings and evaluate their legal significance
• Advise clients on the questions they should be asking before participating in or launching a blockchain-based fundraising initiative

Intended audience: Legal advisors and in-house counsel advising organizations on blockchain-based fundraising, as well as executives and board members seeking to understand the legal risks associated with token offerings.

Level: beginner

Prerequisites: No prior knowledge of blockchain or cryptocurrency is assumed — the course introduces technical concepts as needed for legal analysis.

• Josh Lawler, Partner, Zuber Lawler

  Josh Lawler is a partner at Zuber Lawler, where he leads the firm's Emerging Technologies Group. He advises on mergers and acquisitions, securities law, and intellectual property development and licensing, with a focus on blockchain and cryptocurrency, artificial intelligence, robotics and biotechnology, and he serves as outside general counsel to a number of companies. He previously practised corporate securities and M&A at Skadden, Arps, Slate, Meagher & Flom LLP. He holds a J.D. cum laude from Northwestern University School of Law and a bachelor's degree from Duke University, and is admitted in California. At Legal Cyber Academy he teaches on blockchain and cryptocurrency.

Legal Cyber Academy is not an accredited provider; the notes below explain how a learner may self-submitthis activity where their board permits. The pathways shown reflect this course’s subject matter. Always confirm your board’s current rules.

• CLE (attorneys)

  Many U.S. jurisdictions let an attorney apply for CLE credit for a non-accredited program (often called individual attorney or self-application). Use this certificate plus the course Information Sheet as your supporting documentation. Your state bar or CLE board decides whether credit is granted, how much, and any self-study cap.

• CE / CPD (privacy, insurance, IT)

  Where your professional body recognizes self-reported or self-directed learning (CPD) — for example many privacy (CIPP/CIPM) and security certifications — record this activity using the certificate and Information Sheet. Confirm your program's self-reporting rules and any documentation it requires.