Patrick Daugherty directs a corporate, M&A, finance, financial regulatory, and fintech law practice. He founded and leads the Blockchain & Digital Assets practice of law firm Foley & Lardner LLP. He also is the most senior securities lawyer in the firm. Digital asset clients that can be identified have included Anchorage Digital, ARK Invest, CoinFlip, CoinList, Cube Exchange, Galaxy Digital, INX, Robinhood, and other digital assets platforms, as well as private crypto funds, family offices, proprietary trading firms, Layer 1 and Layer 2 blockchain developers and token sellers. Patrick has advised Schwab and its predecessors on financial transactions for more than a decade and is advising Schwab currently on crypto asset matters. He also is advising and representing the former CEO of Silvergate Bank.
A graduate of Northwestern and Cornell, early in his career Patrick clerked for two Chief Judges of the U.S. District Court for the Southern District of New York, later serving as Counsel to SEC Commissioner Edward Fleischman.

While at SEC headquarters, he helped craft Rule 144A and Regulation S, which are SEC registration exemptions used in institutional and off-shore markets. A Life

Member of the American Law Institute, he is the author, co-author, or editor of several books on securities regulation and new financial products. He teaches a seminar that he created on “Digital Assets” at Cornell Law and co-teaches another seminar on “Blockchain and the Law of Cryptocurrency” at Northwestern Law. He also lectures occasionally to J.D. and M.B.A. students at the University of Chicago and has been entrusted by the Dean of the University of Chicago Law School with producing an annual “Legal Matters in the Web3 Economy” symposium there.