Lacey Shrum


Lacey is an associate attorney at Vela Wood where she serves businesses that use blockchain technology and cryptocurrencies. Lacey focuses her practice on helping clients identify and mitigate particular risks arising out of this new technology – including blockchain strategy and use cases, capital raises and security issuances through alternative forms, code-as-a-legal-contract drafting, and ethics.

Email Lacey Shrum

“When you reach the end of your rope, tie a knot and hang on.”

– Teddy Roosevelt

Outside of Vela Wood, Lacey’s company H7 Consulting provides compliance services to Registered Investment Advisors (RIAs) and cryptocurrency hedge funds. She is currently developing a smart contract solution using blockchain to solve the fee problem faced by her RIA clients, which involves taking part of a traditional contract and “sprinkling a bit of code” behind it to make it self-executing.

Being an attorney and entrepreneur focused on blockchain technology allows Lacey to serve clients in a unique blend of law and tech. Where the rules for this technology can be convoluted, discreet, or unapparent, Lacey is able to identify and understand issues from both a founder’s and the legal perspective. She is an active proponent for attorneys reading and writing code and understanding how a smart-legal-contract is written and will execute.

As a regular speaker on this subject, Lacey has presented at the Federal Reserve Bank of Dallas, the Dallas Bar, the Texas Society of CPAs, and to many private legal, accounting, and financial advising groups about blockchain. Lacey hosts a monthly breakfast aimed at introducing those not traditionally involved in the technology space to blockchain and its effect on their careers, businesses, and lives.

As Sloane and Theodore’s mom, her current favorite status is watching them grow and learn. She and her husband Josh are dedicated wanderers – enjoying traveling close or far from home to take in the sights and meet new people.

Lacey Shrum's Recent Blog Posts

This is Howey. Do it.

April 30, 2019  |  By Lacey Shrum

Earlier this month, the SEC posted guidance and a No-Action letter to Turnkey Jets, giving more insight into the particular way the Howey test is applied to tokens. Read More

Posted in Blockchain

Wyoming: Move Over, Delaware!

March 6, 2019  |  By Lacey Shrum

Wyoming’s 2019 legislative session just wrapped up, and as of close the state has signed 13 blockchain-friendly laws into effect. These laws are a strong play to attract blockchain businesses and development to the state of Wyoming. Read More

Posted in Blockchain

What Is A Smart Contract?

February 28, 2019  |  By Lacey Shrum

A smart contract is simply a piece of code that is executed on the blockchain network. It may or may not be a legal contract. As most code does, it runs off an “if/then” statement. Blockchain allows this code to run on a distributed system, across thousands of computers participating in the network, thus in a completely autonomous, tamper-resistant way. Read More

Posted in Blockchain