David M. Adlerstein
Education
- Brandeis University, B.A. 1994, cum laude
- Lund University, M.A. 1999
- Columbia Law School, J.D. 2002, Harlan Fiske Stone Scholar (Notes Editor, Columbia Law Review)
David M. Adlerstein
David M. Adlerstein is Of Counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz. He co-leads the Firm’s Crypto Team, combining depth of experience with blockchain technology and digital assets (dating to 2016) with over 20 years’ experience as a corporate practitioner with a focus on financial institutions and technology transactions. Mr. Adlerstein advises companies at the leading edge of crypto and traditional finance alike on mergers & acquisitions, joint ventures (including credit card and other payment programs), capital raising transactions, and sensitive corporate governance matters. He speaks and writes extensively about topics such as stablecoins, tokenization of real-world assets, decentralized finance, and the intersection of crypto and AI. He also provides counsel to several nonprofit organizations on a pro bono basis.
Born in Cambridge, England, Mr. Adlerstein received a B.A. cum laude in Philosophy and History from Brandeis University in 1994 and a M.A. in European Politics from Lund University in Lund, Sweden in 1999. He received his J.D. from Columbia Law School in 2002, where he was a notes editor of the Columbia Law Review and a three-time Harlan Fiske Stone Scholar.
Prior to joining Wachtell Lipton as a corporate associate in 2005, Mr. Adlerstein was an associate at Cravath, Swaine & Moore LLP. Before beginning his legal career, Mr. Adlerstein served as a sergeant in the Paratroopers Brigade of the Israel Defense Forces.
Mr. Adlerstein is a member of The Economic Club of New York and The Wall Street Blockchain Alliance, is a Fellow of the American Bar Foundation, and is Chair of the Financial Services Technology Joint Subcommittee of the ABA Business Law Section’s Commercial Finance Committee and Private Equity & Venture Capital Committee. He serves on the boards of the American Friends of Rambam Medical Center and of The MirYam Institute, and is a multi-year mentor in a program for first year law students.
Select Publications
- Financial Institutions M&A Key Trends and Outlook,
in Harvard Law School Forum on Corporate Governance, April 24, 2026.
- Cryptoasset Developments: SEC Provides Taxonomy for Tokenized Securities,
NYU Law School’s Blog on Compliance and Enforcement, February 13, 2026.
- Risk Management and the Board of Directors,
in Harvard Law School Forum on Corporate Governance, September 25, 2025.
- VIEWPOINT: It’s time for Delaware to reclaim its blockchain leadership,
in the Delaware Business Times, June 19, 2025.
- Corporate Balance in the Face of Accelerating Technological Change,
in Harvard Law School Forum on Corporate Governance, June 13, 2025.
- Wachtell Lipton Discusses Cryptoasset Developments: Continued Progress Toward U.S. Regulatory Clarity,
in Columbia Law School’s Blog on Corporations and the Capital Markets, June 9, 2025.
- Cryptoasset Developments: Banking Regulators Reversing Anti-Crypto Stance,
in NYU Law School’s Blog on Compliance and Enforcement, March 17, 2025.
- Financial Institutions MA Key Trends and Outlook,
in Harvard Law School Forum on Corporate Governance, February 3, 2025.
- Wachtell Lipton Discusses Prospects of Legal Clarity for Cryptoassets,
in Columbia Law School’s Blog on Corporations and the Capital Markets, December 3, 2024.
- Wachtell Publishes Financial Institutions M&A Guide for 2024,
in NYU Law School’s Blog on Compliance and Enforcement, May 8, 2024.
- Cryptoasset Developments: Observations on the Thawing Crypto Winter,
in NYU Law School’s Blog on Compliance and Enforcement, January 18, 2024.
- Risk Management and the Board of Directors,
in Harvard Law School Forum on Corporate Governance, September 30, 2023.
- Congressional Bill Proposes Comprehensive Cryptoasset Legal Framework Amidst SEC’s Continued Regulation-By-Enforcement,
in International Journal of Blockchain Law, July 13, 2023.
- Wachtell Lipton Discusses Congressional Bill Proposing Comprehensive Cryptoasset Legal Framework,
in Columbia Law School’s Blog on Corporations and the Capital Markets, June 16, 2023.
- SEC Halts Cryptoasset “Staking-As-A-Service” Program Amidst Tightening Regulatory Enforcement Environment,
in NYU Law School’s Blog on Compliance and Enforcement, February 28, 2023.
- Crypto Bankruptcies Reveal Fault Lines in Asset Recovery,
in International Journal of Blockchain Law, Volume IV, December 2022.
- Initial Observations on the FTX Debacle,
in NYU Law School’s Blog on Compliance and Enforcement, November 19, 2022.
- Cryptoassets and the SEC's Mandate,
in Columbia Law School’s Blog on Corporations and the Capital Markets, October 19, 2022.
- Risk Management and the Board of Directors,
in Harvard Law School Forum on Corporate Governance, September 17, 2022.
- Enhancing Cryptoasset Industry Regulation Using Existing Tools,
in Columbia Law School’s Blog on Corporations and the Capital Markets, August 23, 2022.
- Recent Developments Highlight Fundamental Legal Considerations for DAOs,
in Columbia Law School’s Blog on Corporations and the Capital Markets, July 12, 2022.
- Emerging Issues in Decentralized Governance and the Lessons of Corporate Governance,
in Harvard Law School Forum in Corporate Governance and Financial Regulation, June 4, 2022, Columbia Law School’s Blog on Corporations and the Capital Markets, June 6, 2022 and Insights: The Corporate & Securities Law Advisor, Volume 36 Number 8 (August 2022).
- The Growing Enforcement Focus on Cryptoassets,
in Columbia Law School’s Blog on Corporations and the Capital Markets, February 23, 2022.
- SEC Proposes Cybersecurity Rules for Registered Investment Advisers and Funds,
in Harvard Law School Forum on Corporate Governance, February 12, 2022.
- Cryptoassets at an Inflection Point,
in NYU Law School’s Blog on Compliance and Enforcement, October 8, 2021.
- Why ICOs Could Eat Delaware's Lunch,
in CoinDesk.com, April 21, 2018.
- Regulatory Litigation, in Successful Partnering Between Inside and Outside Counsel,
Robert L. Haig editor-in-chief, published by Thomson Reuters 2021.
- A 21st Century “Kodak Moment”: the Kodak and WENN Digital Security Token Sale,
in Crowdfund Insider, January 9, 2018.
- The ICO Governance Deficit,
in CoinDesk.com, September 10, 2017.
- Are Smart Contracts Smart? A Critical Look at Basic Blockchain Questions,
in CoinDesk.com, June 26, 2017.
- FINANCIAL INSTITUTIONS DEVELOPMENTS - The M&A Landscape: Financial Institutions Rediscovering Themselves Amid Continued Regulatory Change, Intensifying Investor Activism and Technological Disruption,
in The Harvard Law School Forum on Corporate Governance and Financial Regulation, January 29, 2015.