Mr. Spencer serves as the General Counsel for Coinsource, the leading Bitcoin Teller Machine operator in the world. As the leader of Coinsource’s legal and compliance departments, Mr. Spencer develops and implements the Company’s proprietary policies to comply with evolving, regulatory structures in multiple jurisdictions, and frequently interacts with state and federal regulatory and enforcement agencies. He also leads international expansion efforts, ensuring compliance in foreign countries. Additionally, Mr. Spencer handles all contractual, transactional, employment, litigation and intellectual property issues for the Company.
Prior to joining Coinsource, Mr. Spencer served as an Assistant United States Attorney for ten years. He specialized in securities and financial fraud and money laundering, and prosecuted more than 100 federal cases. Among his high profile cases, he prosecuted Merrill Lynch bankers involved in the Enron collapse, a South American casa de cambio for violations of the Bank Secrecy Act, and obtained the one of the longest sentences ever imposed by a federal judge for money laundering violations. During his service, he received the John Marshall Award from the U.S. Attorney General.
Drawing on his background as a cryptocurrency lawyer and federal prosecutor, Mr. Spencer frequently speaks and writes about digital currency, blockchain technologies, and emerging regulatory and enforcement trends. He was the whistleblower for a case currently being prosecuted by the Securities and Exchange Commission. Mr. Spencer also serves as a legal advisor to several blockchain and digital currency businesses. Mr. Spencer was a partner at Akin Gump Strauss Hauer & Feld and an investment banker at Morgan Stanley. He graduated from Amherst College and the University of Texas Law School.