Sidley Austin partners Lilya Tessler, Angela Zambrano, and S. Scott Parel emphasize the growing importance of blockchain technology for legal professionals. They outline the basics of blockchain, digital assets, and the regulatory complexities surrounding their use. As blockchain continues to expand across industries, including financial services and energy, lawyers must understand the legal risks and regulatory challenges involved. The partners also discuss the SEC’s regulatory stance and the rise of litigation concerning digital assets. They advise lawyers to audit noncompete agreements and consult experts on blockchain-related matters.