Lawyers for crypto founders who want to ship. Formation, financings, token launches, market structure and exits. Execution, not memos Founded by @nickpullmanesq
San Clemente, CA
Joined June 2023
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Day One Law Counsel Alex Fagella at the 2026 @FordhamCrypto Blockchain Regulatory Symposium, joining attorneys and industry leaders for a timely conversation on open source licensing and developer liability. As AI and autonomous systems continue to reshape how open source technology is built and deployed, questions around licensing, responsibility, and risk are only becoming more important.
Thanks to @FordhamCrypto for bringing together a great group for the discussion. If your team is navigating these issues, we’d love to continue the conversation.
Day One Law Counsel Alex Fagella will be joining other attorneys and industry leaders from across the technology and digital assets space as a speaker at the 2026 @FordhamCrypto.
Alex joins the panel “Open Code, Open Questions: Open Source, Licensing, and Developer Liability,” a timely discussion on open source licensing, AI, developer liability, and the evolving risks facing builders in blockchain and emerging technology.
More info here: fordhamlawblockchain.org/202…
Day One Law retweeted
$2500+ on excess usage claude tokens this month in addition to the seat license fees and other ai tools here at @DayOneLaw
these ai companies really did turn on the revenue spigot
worth it. if your startup lawyer isn’t using ai smartly, are they a fit for your startup?
Day One Law retweeted
love seeing our clients hit their stride and have the success they deserve
it’s why we do what we do @DayOneLaw
Deepening our partnership with @Uniswap, Uniswap Labs has purchased ethereum:0x07f5b6823751c2e2cd4560f28af75ff887102241 for long-term alignment
Pons builds on 🦄
Day One Law retweeted
Little update: I’m incredibly excited to join @fomo as General Counsel!
You probably already know fomo is the fastest growing consumer finance app in the world. It recently surpassed $100m in daily spot vol, 61k+ daily active traders, #5 in Finance on the US App Store, & ~$95m raised.
But what you may not know is the caliber of the team. I’ve worked with hundreds of startups over the years. The fomo team stands out as one of the most impressive, thoughtful, driven, and high-integrity groups I’ve seen. @paulerlanger @seyong Prashan and the team have the kind of conviction that forces others to chase, and the culture + operational flexibility to outmaneuver any competitor.
Global consumer crypto apps — especially social ones like fomo — have always had the potential to become the largest apps in the world. fomo has a real shot at taking the crown.
Looking forward to helping build the global financial social graph. Let’s go!🚀
Day One Law retweeted
If you're building a prediction market, read this.
On June 10 the CFTC proposed rules that greenlight most contracts and ban a narrow set: terrorism, assassination, war, purely random events, and manipulable "micro-bets."
3 things to do now:
1. Audit your contracts against the prohibited list.
2. Build a "skill vs. chance" rationale into every market.
3. Keep sports products separate. That jurisdiction fight isn't over.
45-day comment period is live. Full breakdown (plus the stalling Clarity Act and the crypto tax fight coming next Congress):
dayonelaw.beehiiv.com/p/pred…
The CFTC just proposed the first real rulebook for prediction markets.
Most contracts: allowed. Out: terrorism, assassination, war, "entirely random" bets, and manipulable sports micro-bets.
45-day comment window is open now.
What builders need to do this week, in the Day One newsletter:
dayonelaw.beehiiv.com/p/pred…
Day One Law retweeted
So @DayOneLaw rolled out Fable today and I’m blown away. I’ve used all the prior models and they’re great, arguably even better junior lawyers. But Fable is next level. It’s the first time I’ve been convinced that junior AND senior attorneys WILL be replaced by AI.
Law firms that adapt fast will eat the lunch of other firms. Historic law firm consolidation is coming. I’m talking firms that have been in business for hundreds of years - gone. Junior associates, commoditized products (like NVCA fundraises), and Partners without books of business who offset their exorbitant pay by working long hours at insane rates are directly in the line of fire.
It’s a brave new world.
Day One Law retweeted
Incredible article by @skominers on prediction markets
The $292M KelpDAO bridge hack wasn't a smart contract failure. It was an off-chain verification failure, and the legal fight over who owed users the duty of care is just starting.
What builders should take from it:
▶️LayerZero (built the bridge) and Kelp DAO (configured it) are now arguing over whether "insecure by default" shifts the duty of care up the stack.
▶️Off-chain infrastructure is squarely in the negligence conversation, not just smart contract code.
▶️Downstream protocols are exposed too. Aave absorbed a $10B liquidity crunch from unbacked rsETH used as collateral.
▶️A federal court fight over $71M in recovered ETH will shape how victim-recovery actually works.
Full breakdown here: dayonelaw.beehiiv.com/p/what…
Day One Law retweeted
Tokens or equity?
@sh0edog explains why crypto projects and users could benefit from both.
"Is this theoretical? Not really. We've seen [the concept work] with Linux and Red Hat."
My conversation with Joe Doll (@sh0edog), Counsel at @DayOneLaw, on what founders should know about the SEC and CFTC's joint interpretive guidance on crypto and securities law.
0:00 Intro
0:07 Why Does the Howey Test Exist?
3:11 Non-Security Tokens
7:47 The Five-Category Token Taxonomy
8:45 Digital Commodities and Consumptive Use
12:13 The "Statement Test"
15:57 The Chilling Effect on Disclosure
19:32 Minimum Attachment Period
23:30 Fungibility and the Token Sales
28:29 Decentralization, Disclosure, and CLARITY
29:41 The Attachment Theory
31:51 Airdrops
37:53 The CLARITY Act and Control
38:58 Linux, Red Hat, and the Case for Immutability
43:12 Equity vs. Token Value
43:25 Why the handle @sh0edog?
45:04 Decentralized Communities
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Day One Law retweeted
Fantastic episode @sh0edog and @JacobRobinsonJD!
Had a really fun time discussing the latest SEC + CFTC joint guidance with @JacobRobinsonJD - check it out!
Day One Law retweeted
My conversation with Joe Doll (@sh0edog), Counsel at @DayOneLaw, on what founders should know about the SEC and CFTC's joint interpretive guidance on crypto and securities law.
0:00 Intro
0:07 Why Does the Howey Test Exist?
3:11 Non-Security Tokens
7:47 The Five-Category Token Taxonomy
8:45 Digital Commodities and Consumptive Use
12:13 The "Statement Test"
15:57 The Chilling Effect on Disclosure
19:32 Minimum Attachment Period
23:30 Fungibility and the Token Sales
28:29 Decentralization, Disclosure, and CLARITY
29:41 The Attachment Theory
31:51 Airdrops
37:53 The CLARITY Act and Control
38:58 Linux, Red Hat, and the Case for Immutability
43:12 Equity vs. Token Value
43:25 Why the handle @sh0edog?
45:04 Decentralized Communities
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Day One Law retweeted
Last week we had @Nimathefish from @DayOneLaw break down incorporation and global compliance in our @WireNetwork / @ProtaVentures Incubator session.
Also, whatever you do, just don’t incorporate in Delaware.
Coming up this week: Tokenomics. Join the Wire Discord for the latest resources and schedule: discord.gg/wire-network
Last week's @WireNetwork Incubator session had @Nimathefish from @DayOneLaw dropping knowledge on the Cayman Tax Shelter Myth.
Coming up this week: Tokenomics. Join the Wire Discord for the latest resources and schedule: discord.gg/wire-network
Day One Law retweeted
My conversation with Lewis Cohen (@NYcryptolawyer), Partner and Co-Chair of @CahillNXT on the latest in U.S. securities law and crypto.
0:00 Intro
1:19 SEC & CFTC on Investment Contracts & Crypto
3:51 Attachment and Separation
6:52 Secondary Market Transactions and Ripple
10:43 Safe Harbors
13:37 Who Is the Issuer?
17:24 What Counts as a Representation or Promise?
22:55 Disclosure
24:53 Ending An Investment Contract
29:43 Legal Claims Against Issuers
34:05 Unregistered Securities Exchanges?
35:22 Bifurcated Disclosure Markets
39:06 AI: ChatGPT, Claude & Disclosure
39:58 Valuing Guidance After Loper Bright
43:01 What the SEC Got Right / What Is Missing
46:19 Vaults
47:29 Lewis Needs Movie Recommendations
Includes paid partnership with our sponsor, @DayOneLaw.
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Day One Law retweeted
Last week's @WireNetwork Incubator session had @Nimathefish from @DayOneLaw dropping knowledge on the Cayman Tax Shelter Myth.
Coming up this week: Tokenomics. Join the Wire Discord for the latest resources and schedule: discord.gg/wire-network
Day One Law retweeted
The @WireNetwork Incubator is live with a new builder session: "How to Incorporate Your Web3 Startup" featuring @Nimathefish from @DayOneLaw.
Tune in on Discord now: discord.gg/RWkb4YG5