$184,000 – $212,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Technology, Legal ServicesIndustries

Senior Counsel

Salary: $184K - $212K Location Type: Remote Employment Type: Full-Time

Position Overview

Lightspark is building the tools and services to create an open protocol for money on the Internet. We are developing enterprise-ready infrastructure for open payments at scale using the Lightning Network. Our vision is an always-on, low-cost, universal payment network that will transform how money is moved, enabling businesses and developers to transform existing solutions and build new financial systems, services, and processes accessible to everyone, transcending geographical restraints. Lightspark is headquartered in Los Angeles, California, but serves the world.

Lightspark is seeking a Senior Counsel to join our growing team. As a key member of our legal department, you will play a critical role in advising the company on a variety of matters, including product counseling, contracting, and negotiating Lightspark’s global network rollout of UMA (Universal Money Address) and Spark, a new layer-2 scaling solution for Bitcoin. You’ll be a key driver in ensuring that our innovative products are built thoughtfully, responsibly, and in compliance with a rapidly evolving regulatory landscape. You’ll advise across the full product lifecycle — from ideation and design through launch and scaling — and help create pragmatic legal frameworks for our growing suite of products.

The ideal candidate will have significant experience with complex commercial contracting and negotiating involving multiple stakeholders, and understanding/familiarity with financial services laws, crypto/blockchain regulations, payments regulations, consumer protection rules, and data privacy. You must be able to drive and manage cross-functional projects. You will report to Lightspark Group’s General Counsel. If you are ready to drive innovation and contribute to the success of a high-growth startup, we invite you to join us at Lightspark.

Responsibilities

  • Serve as a legal advisor to product teams for the global rollout of the UMA protocol and Spark networks, including providing practical forward-thinking counsel at every stage of product development.
  • Draft and negotiate complex contractual arrangements with multiple stakeholders for the networks.
  • Draft and negotiate product-related agreements, terms of service, disclosures, and other foundational documents.
  • Advise the company on data privacy matters in coordination with compliance and security teams.
  • Negotiate and draft contracts with Lightspark vendors.
  • Draft and review nondisclosure agreements and other commercial agreements.

Requirements

  • JD from a top-tier accredited law school.
  • Admission to practice law in the US jurisdiction in which you reside.
  • 5+ years of experience handling a broad range of commercial transactions.
  • In-house experience at a technology company and/or experience with financial services and/or crypto.
  • Experience with crypto protocol governance is a plus.
  • In-depth experience with drafting and negotiating complex commercial contracts with multiple stakeholders.
  • Familiarity with financial services laws or crypto/blockchain regulations, as well as payments regulations and consumer protection rules.
  • Familiarity with open payment networks and Layer 2 blockchain technologies like the Lightning Network, are a plus.
  • Strong business judgment and ability to balance legal risk with practical business needs.
  • Familiarity with data privacy regulations and cybersecurity laws (GDPR, CCPA).
  • A willingness to “roll up your sleeves,” take ownership of matters, and to work effectively in a cross-functional and fast-paced environment with smart and creative people to build trusting relationships.
  • Strategic communicator and cross-functional partner with the ability to distill complex legal concepts into clear, actionable guidance, influence across teams, and align legal, product, and business objectives.

Company Information

Lightspark is on a mission to build an open payment protocol for the Internet at scale.

Skills

Commercial Contracting
Negotiation
Financial Services Laws
Crypto/Blockchain Regulations
Payments Regulations
Consumer Protection
Data Privacy
Cross-Functional Project Management

Lightspark

Facilitates Bitcoin transactions via API and SDKs

About Lightspark

Lightspark focuses on facilitating Bitcoin transactions for businesses by providing an API and Software Development Kits (SDKs) that integrate with the Lightning Network. This technology allows for faster and cheaper cross-border payments by identifying efficient routes for transactions. Unlike competitors, Lightspark's service-based model enables businesses to leverage Bitcoin without needing deep technical expertise. The goal is to streamline payment processes, making them more efficient and cost-effective.

Los Angeles, CaliforniaHeadquarters
2022Year Founded
$1.3MTotal Funding
SEEDCompany Stage
Fintech, Crypto & Web3Industries
51-200Employees

Risks

Increased competition from fintech companies like Strike and OpenNode.
Regulatory scrutiny in the US and EU could impact cryptocurrency transactions.
Technological vulnerabilities in the Lightning Network may affect Lightspark's reputation.

Differentiation

Lightspark offers a robust API and SDKs for Bitcoin integration on the Lightning Network.
The company provides a dashboard for tracking and managing Bitcoin transactions efficiently.
Lightspark's Universal Money Address (UMA) enhances global payment solutions for businesses.

Upsides

Partnerships with Bitso and Foxbit expand Lightspark's reach in Latin America.
Introduction of Spark and UMA boosts Lightspark's product offerings and market appeal.
Strategic expansion into Africa with Yellow Card highlights growth in emerging markets.

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