Daniel S. Alter is a partner at Abrams Fensterman LLP, working out of the firm’s White Plains office. Mr. Alter combines expertise in federal and state appellate litigation, complex civil cases, cutting-edge regulatory matters, and the fast-growing world of Fintech. Mr. Alter is known for his creative approaches to problem solving and for successfully guiding his clients through varied and complicated legal challenges.
In his over thirty years as a practicing lawyer, Mr. Alter has had extensive experience in both the public and private sectors. After clerking for two judges on the United States Court of Appeals for the Second Circuit, he served as an Assistant U.S. Attorney for the Southern District of New York (as Acting and Deputy Chief of the Civil Division), Senior Advisor and Special Counsel to the New York State Attorney General, and General Counsel to the New York State Department of Financial Services (DFS). While at DFS, he was one of the primary architects of the agency’s national pathbreaking regulatory program for cryptocurrencies, digital assets, and blockchain-based financial institutions. From 2015 to 2017 Mr. Alter was an adjunct professor and senior fellow at New York University Law School where he was a resident member of the law faculty research and teaching program in corporate compliance and enforcement, focusing on financial services regulation. In 2014, Mr. Alter was selected by the New York State Commission on Judicial Nomination as one of seven candidates statewide for a seat on New York’s highest court, the Court of Appeals.
On the private side, Mr. Alter has been a litigation partner at a global firm and at a nationally ranked boutique financial services firm. He has litigated cases at every level of the federal and New York State courts, involving important issues of constitutional, commercial, communications, banking, trusts and estates, and bankruptcy law. He is widely published on topics involving cryptocurrency and digital assets, and he has taught regulatory compliance as an adjunct professor at New York University Law School. He has also served as the first general counsel to the first Fintech-based trust company ever chartered in the United States.
Mr. Alter received his J.D. from Yale Law School, where he was a Coker Fellow in Constitutional Law, and his B.A. from Columbia University, Summa Cum Laude and Phi Beta Kappa.
Bar Admissions
- New York
- New Jersey
- Supreme Court of the United States
- U.S. Court of Appeals for the Second Circuit
- U.S. District Court for the Southern District of New York
- U.S. District Court for the District of New Jersey
- Association of the Bar of the City of New York
Education
- Yale Law School, J.D.
- Coker Fellow – Constitutional Law
- Columbia University, B.A., Summa Cum Laude and Phi Beta Kappa
Honors and Awards
- Candidate for the New York State Court of Appeals, Recommended to NYS Governor Andrew Cuomo by the NYS Commission on Judicial Nomination – 2014
- Candidate for the United States District Court for the Southern District of New York, Recommended to President Barack Obama by U.S. Senator Charles E. Schumer – 2010
- Director’s Award, United States Department of Justice – 2002
- The Henry L. Stimson Medal, Association of the Bar of the City of New York – 2001
- Chairman’s Auction Program Award, Federal Communications Commission – 2000
- Director’s Award, United States Department of Justice – 2000 and 1998
- Coker Fellowship, Yale Law School – 1990
Publications and Media
- Free Speech at the Center of NRA Supreme Court Case, Gray Television Washington News Bureau, interviewed (March 15, 2024)
- Opinion: Regulation crypto didn’t cause banks to collapse, City & State New York (March 17, 2023)
- The Golden Use Case: The Intrinsic Value of Tokenized Precious Metals for Financial Regulators, WLF Legal Pulse, author (September 18, 2019)
- New York Should Lead the Fight Against Domestic Terrorism, Law.com/New York Law Journal, author (August 20, 2019)
- Any Press is Good Press: Libra and the Regulatory Awakening, WLF Legal Pulse, author (July 24, 2019)
- Healing the Spirit of Liberty in an Ailing Nation, Albany Times Union, author (July 5, 2019)
- Mr. Hinman’s Metaphysics: Some Thoughts on Reexamining the Utility Token, WLF Legal Pulse, author (March 19, 2019)
- Quality Control at a Sustainable Cost: Blockchain Solutions for Bank Secrecy and Anti-Money Laundering Compliance, WLF Legal Pulse, author (January 15, 2019)
- Addressing the Custody Conundrum: A Cooperative Federal/State Effort to Build Market Infrastructure and Regulatory Clarity Around Digital Assets, WLF Legal Pulse, author (November 13, 2018)
- Get Off of My Cloud: Some Practical Guidance on the Evolving Regulation of Crypto-Assets in the U.S., Law Society Gazette, author (August-September 2018)
- What’s Extraterritorial On the Blockchain?: “In re Tezos Securities Litigation” and the Application of U.S. Securities Law to “Foreign” ICOS, WLF Legal Pulse, author (September 10, 2018)
- How the SEC Can Be a Better Lifeguard· Commissioner Peirce’s Insightful Comments on Regulators’ Role in Sea of FinTech Innovation, WLF Legal Pulse, author (May 31, 2018)
- Why the SEC Should Give Amnesty to Illegal ICOs, Coindesk, author (May 7, 2018)
- Cuomo’s Erie Canal-the fintech version, Crain’s New York Business, author (April 25, 2018)
- SEC Can Help Clear Regulatory Path for Crypto Trading, American Banker, author (April 5, 2018)
- The Nunes Memo Attacks the Legitimacy of the Foreign Intelligence Surveillance Court. It Should Act to Repair the Damage, Time.com, author (February 6, 2018)
- New York Watchdog Could Take a Bite of Trump Probe, Albany Times Union, author (January 28, 2018)
- The “Business of Banking” in New York -An Historical Impediment to the OCC’s Proposed National “Fintech Charter,” Yale Journal on Regulation, author (June 29, 2017)
- Regulators Need to Walk the Walk in Supporting Whistleblowers, American Banker, author (October 8, 2016)
- Wells Fargo’s No Contest Settlement: Leaving the Stage Coach with Broken Windows, NYU School of Law Program on Corporate Compliance and Enforcement Blog, author (September 28, 2016)
- U.S. Risks Falling Behind Europe in Blockchain Race, American Banker, author (March 16, 2016)
- Holding Bank Consultants More Accountable, New York Times, author (September 10, 2015)
- Next Steps to Achieve Marriage Equality: Train Local Judges, New York Law Journal, author (August 14, 2015)
- Make Bank Consultants Directly Accountable to Regulators, American Banker, author (July 27, 2015)
- How to Lighten Community Banks’ AML, Compliance Load, American Banker, author (May 14, 2015)
- The Marriage ‘Handbook’ That Proves Gay Marriage Should Win, Time.com, author (May 8, 2015)
- Uniform Record Keeping Can Nip Banks’ Misdeeds in the Bud, American Banker, author (April 29, 2015)