Mysten Labs elevated Sylvia Favretto, who spent over a decade at Am Law 100 firm A&O Shearman, to its general counsel on Tuesday.

“Working in crypto involves operating in gray areas without legal precedent, and the most successful attorneys have the ability to make informed decisions quickly even without clarity,” Favretto said. “But that is also what makes working in this space so fun. Everyone now is working to create the rules of the road.”