Jenny E. Cieplak, Counsel Washington, D.C.
Phone: +1 202.624.2542
1001 Pennsylvania Avenue NW
Washington, DC 20004-2595

Jenny E. Cieplak is a counsel in the Corporate Group at Crowell & Moring's Washington office and is the head of the firm’s blockchain and distributed ledger technology initiative. Her practice primarily involves mergers and acquisitions, complex joint ventures, consortiums and strategic alliances, venture capital and private equity investments, and corporate finance. Ms. Cieplak is also experienced in drafting a wide range of commercial agreements, including intellectual property licenses and commercial distribution agreements.

While Ms. Cieplak has advised clients in a wide range of business sectors, her practice focuses on FinTech and the financial services industry, including participants in and vendors to that industry. Her experience includes work on the creation, governance and sale of electronic trading platforms, exchanges, swap execution facilities, clearinghouses, and data repositories. Ms. Cieplak also advises clients on commodities law, particularly in relation to regulation of swap dealers, major swap participants, and swap transactions generally. In particular, Ms. Cieplak counsels clients on the implementation of new technologies such as blockchain and distributed ledgers, and the development of innovative products such as virtual currencies and blockchain-based assets.

Representative matters that Ms. Cieplak has handled include:

  • R3 and a consortium of global financial institutions in their initial collaborative exploration of distributed ledger and blockchain technology, followed by representation of R3 in the largest ever investment in distributed ledger technology from 44 global institutions, including SBI Group, Bank of America Merrill Lynch, HSBC, Intel, Temasek, ING, Banco Bradesco, Itaú Unibanco, Natixis, Barclays, UBS, and Wells Fargo.
  • Represented Goldman Sachs and its wholly-owned subsidiary REDI, an electronic trading platform, in the sale of an equity stake in REDI to Bank of America Merrill Lynch, Barclays, BNP Paribas, Citadel, and Lightyear Capital.
  • Outside corporate counsel to FXSpotStream LLC, a multibank FX price aggregation service in which Bank of America Merrill Lynch, BNP Paribas, Citi, Commerzbank, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and UBS act as liquidity providers.
  • Represented Signature Group Holdings, Inc. in connection with a $110 million senior secured asset-based revolving credit facility and a €50 million receivables factoring facility, used to finance Signature's acquisition of the world's largest independent aluminum recycler.
  • Represented borrowers and lenders in various financing transactions associated with Alaska's oil and gas production tax credits.
  • Represented thirteen leading investment banks in a prepaid fee arrangement with a third party to fund the build-out of a swap data repository, a new service mandated by Dodd-Frank.
  • Represented eight leading commercial and investment banks in their investment in a data exchange, and accompanying restructuring regarding privacy and third party technology service provider arrangements.
  • Represented ICAP and its wholly-owned subsidiary Traiana in the sale of an equity stake in Traiana to Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, J.P. Morgan, Nomura, and Royal Bank of Scotland.
  • Outside corporate counsel to The Green Exchange, a designated contract market that was a consortium among the Chicago Mercantile Exchange, Morgan Stanley, Goldman Sachs, J.P. Morgan, and other major market participants, including in connection with the sale of The Green Exchange to the Chicago Mercantile Exchange.
  • Represented Goldman Sachs in its joining ELX Futures, L.P., a new fully electronic futures exchange, as a founding partner. 
  • Represented Nortel Networks in its sale of its worldwide Alteon Layer 4-7 business.
  • Represented Saab AB in its acquisition of Sensis Corporation, a global provider of air defense, air traffic control, airline, and airport operations management, and data integration and distribution.
  • Represented Goldman Sachs in its investment in JL McGregor & Company, an investment research company.
  • Represented ICAP in its investment in Enso Financial Management LLP, a provider of innovative portfolio reporting and data analytics services for hedge funds and asset managers.
  • Represented Goldman Sachs and Vernon & Park in their investment in UNX Holdings LLC, a provider of advanced electronic trading solutions.

Before joining Crowell & Moring, Ms. Cieplak practiced structured finance, representing issuers and underwriters in public and private securitization transactions.

Ms. Cieplak received a Bachelor's of Music, with high honors, in violin performance from The Catholic University of America and a J.D., with honors, from the Georgetown University Law Center. During law school, she served as a member of the Georgetown Journal of Legal Ethics.

Ms. Cieplak is a member of the bars of the District of Columbia and Maryland.


Admitted to practice: District of Columbia, Maryland

Professional Memberships

  • Association of Commercial Finance Attorneys
  • American Bar Association, Project Finance and Development Committee, Vice Chair of Intellectual Property Subcommittee

Highlights, News & Knowledge

Speeches & Presentations

  • "Legal Issues Associated with Blockchain," RAA’s Discussion Series on Blockchain, New York, NY (May 9, 2017). Presenter: Jenny E. Cieplak.
  • "Blockchain, Distributed Ledgers and Smart Contracts: An Opportunity For the Commercial Finance Industry?" ACFA, New York, NY (January 25, 2017). Presenters: Scott Lessne and Jenny E. Cieplak.
  • "Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, and Key Loan Documentation Provisions," Strafford Webinars (January 12, 2017). Panelists: Scott Lessne and Jenny E. Cieplak.
  • "Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, and Key Loan Documentation Provisions," Webinar (January 12, 2017). Presenters: Scott Lessne and Jenny E. Cieplak.
  • "Smart Contracts & Decentralized Autonomous Organizations (DAO)," 8th Blockchain Conference, Washington, D.C. (August 2, 2016). Presenter: Jenny E. Cieplak.
  • "Assessing the Methods and the Threats," Terrorists’ Use of New Digital Payments and Platforms to Raise and Move Money Symposium, Center for a New American Security and the Center on Law and Security at NYU School of Law, New York, NY (June 28, 2016). Speaker: Jenny E. Cieplak.
  • "IP Issues in Project Finance Transactions: Traps for the Unwary," ABA - Business Law Section Spring Meeting, Montreal, Canada (April 6, 2016). Presenter: Jenny E. Cieplak.
  • "Asset-Based Lending: Navigating Borrowing Base, Article 9 Collateral Issues, and Key Loan Documentation Provisions," Webinar (January 2016). Presenters: Scott Lessne and Jenny E. Cieplak.


Client Alerts & Newsletters

In the News

  • $10 Million Tennis Facility to Open in Marshall Heights in September
    January 22, 2012 — The Washington Post

Firm News & Announcements

Jul.14.2017 Crowell & Moring’s Jenny Cieplak and Ilana Lubin Recognized as Winners of The M&A Advisor’s 8th Annual "Emerging Leaders Award"
May.23.2017 DEAL NOTE: Crowell & Moring Advises R3 in Largest Ever Investment in Distributed Ledger Technology
Jul.16.2015 Deal Note: Crowell & Moring Client Silicon Vision Announces Acquisition by Synopsys, Inc.
Apr.03.2014 Deal Note: Crowell & Moring Represents Client Judith Ripka in Sale of Brand Name and IP
Jan.14.2014 Crowell & Moring Elects Five New Partners and Promotes Fourteen Associates to Counsel