None of the general practitioners I consulted with could distinguish a hot wallet from a cold one, and that's when I stopped considering that option. Blockchain requires a specialist who works in the field daily. Ultimately, I opted for specialization, which was probably the right decision for anything related to digital assets at the federal level.

Due to a protracted compliance review, which has now lasted four months, I ended up spending much more on a generalist lawyer than I planned. The choice between a generalist lawyer and a cryptocurrency specialist really depends on the depth of the investigation. A lawyer who regularly handles cryptocurrency matters already knows how to structure blockchain analysis reports, which saves weeks of catch-up. For example, you can find more information on such services here ​https://arkadybukhlawfirm.com/practice-areas/cryptocurrency-and-crypto-law/​​​