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Jake Chervinsky

Chief Legal Officer at Variant

Jake Chervinsky is a lawyer known for his work in the cryptocurrency space, currently associated with Variant, an early-stage venture capital firm focused on investing in user-centric internet platforms.

Jake obtained his J.D. with Honors from The George Washington University Law School and holds a B.A. in Psychology and Criminal Justice from the same institution.

Throughout his career, Jake has held several notable positions in various organizations, including Chief Legal Officer at Variant, Board Member at DeFi Education Fund, Chief Policy Officer at Blockchain Association, Strategic Advisor at Variant, General Counsel at Compound Labs, and roles as an Associate at Kobre & Kim and Baker McKenzie, and as a Judicial Law Clerk at the U.S. District Court for the Central District of California.

Highlights

Feb 23 · linkedin

The crypto industry is going on offense in the courts. This week, a new crypto trading platform called Lejilex filed a lawsuit against the SEC in the Northern District of Texas, arguing that secondary sales of digital assets are not securities transactions and therefore fall outside of the SEC’s jurisdiction.

I was thrilled to write this article with Amanda Tuminelli for CoinDesk explaining how the case provides a great example of impact litigation, the practice of presenting well-considered legal questions to the courts with the goal of achieving lasting effects beyond the case itself. We expect that more strategic lawsuits like this one will be filed before long.

Mar 10 · linkedin

"Congress must pass stablecoin legislation." That's what Kristin Smith and I said in a letter that we submitted to the House Financial Services Committee on behalf of Blockchain Association yesterday, urging prompt Congressional action and outlining five fundamental principles for effective regulation of stablecoins.

There's no doubt that new laws and regulations are needed to address the unique nature of blockchain-based digital assets, and stablecoins are the perfect place to start. Stablecoins present a huge opportunity to revolutionize global payments infrastructure and reinforce U.S. dollar dominance worldwide, and there is already bipartisan, bicameral support for a federal regulatory framework governing stablecoin issuers.

Other countries are forging ahead with their own solutions, and the United States is falling behind. There's no time to waste. Let's get this done.

Jake Chervinsky
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Location

Washington, District of Columbia, United States