Executive Director, Wyoming Stable Token Commission
Anthony Apollo is the Exeuctive Director of the Wyoming Stable Token Commission, which is responsible for developing and issuing the first publicly-issued, fully-reserved stablecoin in the United States, the Wyoming Stable Token (WYST). The WYST is backed by U.S. Treasury securities and cash, and is designed to be redeemable for U.S. dollars.
Beth and Marc Goldberg Professor of Law, Cornell Law School
Dan Awrey is the Beth and Marc Goldberg Professor of Law at Cornell Law School. Dan’s teaching and research interests reside in the field of financial regulation, including the regulation of banks, investment funds, derivatives markets, payment systems, and financial market infrastructure. Dan has undertaken research and provided advice at the request of organizations including the Bank for International Settlements, U.S. Treasury Department, Federal Reserve Board, the President’s Working Group on Financial Markets, Her Majesty’s Treasury, UK Financial Conduct Authority, Commonwealth Secretariat, Canadian Department of Finance, and European Securities and Markets Authority. His research has been featured in publications including the Yale Law Journal, New York University Law Review, Georgetown Law Journal, Duke Law Journal, Cornell Law Review, Yale Journal on Regulation, Harvard Business Law Review, and the Journal of Comparative Economics. Dan is a co-author of one of the leading textbooks on financial regulation, Principles of Financial Regulation, published by Oxford University Press. He is also a founding co-managing editor of the Journal of Financial Regulation. His latest book, Beyond Banks: Technology, Regulation, and the Future of Money was published by Princeton University Press in October 2024.
Partner, Cahill Gordon & Reindel LLP; Special Professor of Law, Maurice A. Dean School of Law, Hofstra University
Gary E. Kalbaugh is a nationally recognized leader in commodities, futures, and derivatives law.
Gary is a partner in the New York office of Cahill Gordon & Reindel LLP as well as a Special Professor of Law at the Maurice A. Deane School of Law at Hofstra University, where he teaches derivatives law and banking law.
A preeminent authority in the derivatives field, Gary is the author of the principal treatise Derivatives Law and Regulation (3rd ed. 2021) and serves as Editor-in-Chief of the Futures and Derivatives Law Report, the foremost industry publication. He is a past chair of the New York City Bar Association’s Committee on the Regulation of Futures and Derivatives and has over 15 years of experience as a professor teaching derivatives and banking law.
Gary is the leading derivatives lawyer in the digital assets space, and one of few to truly understand the technical side of emerging financial technology. He serves on the CFTC’s Future of Finance Subcommittee, reflecting his recognized leadership at the intersection of financial regulation and emerging technologies. A frequent speaker, writer, and commentator on derivatives, banking law, artificial intelligence, and digital assets regulation, he has served as conference co-chair for the American Bar Association’s “Artificial Intelligence and Derivatives Market” conference and regularly speaks at major industry conferences on cutting-edge issues in financial regulation and technology. Gary is sought after as a thought leader on the evolving landscape of digital asset regulation and the regulatory implications of AI in financial markets.
At ING, Gary served as Deputy General Counsel and Director, where he chaired swap dealer and security-based swap dealer regulatory committees and provided strategic leadership on U.S., European, and other regulations impacting the organization. He had global responsibility for U.S. derivatives regulatory issues and maintained strong relationships with regulators. Gary also co-developed ING legal’s global artificial intelligence training program and was responsible for U.S. regulatory issues relating to ING’s blockchain-based pilot programs and crypto initiatives.
Previously, Gary served as a lecturer-in-law at Columbia Law School and held senior roles at WestLB, where he was executive director, counsel, and chief U.S. data protection officer and chaired the global Dodd-Frank and underwriting committees. He began his career as an associate at a notable international firm.
Head of Legal for Blockchain, Crypto and Digital Currencies, Paypal Inc.
Jerome Roche is an experienced legal professional specializing in blockchain, cryptocurrency, and digital currencies, currently serving as the Head of Legal at PayPal. Previously, Jerome held partner positions at Linklaters and Mayer Brown, and served as Associate General Counsel at TIAA-CREF, along with an associate role at WilmerHale. Jerome earned a Juris Doctor from the University of Michigan Law School (1994-1997) and a Bachelor of Science in Mathematics from Purdue University (1988-1992)
General Counsel and Corporate Secretary, Circle
Sarah is responsible for leading Circle’s legal function to progress the company’s vision and priorities across commercial and M&A transactions, regulatory and product initiatives, corporate governance, and litigation. Sarah honed her corporate legal practice at Sullivan & Cromwell LLP before transitioning in-house, most recently serving as the Chief Legal Officer of a PE-backed company.
Executive Director, Wyoming Stable Token Commission
Anthony Apollo is the Exeuctive Director of the Wyoming Stable Token Commission, which is responsible for developing and issuing the first publicly-issued, fully-reserved stablecoin in the United States, the Wyoming Stable Token (WYST). The WYST is backed by U.S. Treasury securities and cash, and is designed to be redeemable for U.S. dollars.
Beth and Marc Goldberg Professor of Law, Cornell Law School
Dan Awrey is the Beth and Marc Goldberg Professor of Law at Cornell Law School. Dan’s teaching and research interests reside in the field of financial regulation, including the regulation of banks, investment funds, derivatives markets, payment systems, and financial market infrastructure. Dan has undertaken research and provided advice at the request of organizations including the Bank for International Settlements, U.S. Treasury Department, Federal Reserve Board, the President’s Working Group on Financial Markets, Her Majesty’s Treasury, UK Financial Conduct Authority, Commonwealth Secretariat, Canadian Department of Finance, and European Securities and Markets Authority. His research has been featured in publications including the Yale Law Journal, New York University Law Review, Georgetown Law Journal, Duke Law Journal, Cornell Law Review, Yale Journal on Regulation, Harvard Business Law Review, and the Journal of Comparative Economics. Dan is a co-author of one of the leading textbooks on financial regulation, Principles of Financial Regulation, published by Oxford University Press. He is also a founding co-managing editor of the Journal of Financial Regulation. His latest book, Beyond Banks: Technology, Regulation, and the Future of Money was published by Princeton University Press in October 2024.
Partner, Cahill Gordon & Reindel LLP; Special Professor of Law, Maurice A. Dean School of Law, Hofstra University
Gary E. Kalbaugh is a nationally recognized leader in commodities, futures, and derivatives law.
Gary is a partner in the New York office of Cahill Gordon & Reindel LLP as well as a Special Professor of Law at the Maurice A. Deane School of Law at Hofstra University, where he teaches derivatives law and banking law.
A preeminent authority in the derivatives field, Gary is the author of the principal treatise Derivatives Law and Regulation (3rd ed. 2021) and serves as Editor-in-Chief of the Futures and Derivatives Law Report, the foremost industry publication. He is a past chair of the New York City Bar Association’s Committee on the Regulation of Futures and Derivatives and has over 15 years of experience as a professor teaching derivatives and banking law.
Gary is the leading derivatives lawyer in the digital assets space, and one of few to truly understand the technical side of emerging financial technology. He serves on the CFTC’s Future of Finance Subcommittee, reflecting his recognized leadership at the intersection of financial regulation and emerging technologies. A frequent speaker, writer, and commentator on derivatives, banking law, artificial intelligence, and digital assets regulation, he has served as conference co-chair for the American Bar Association’s “Artificial Intelligence and Derivatives Market” conference and regularly speaks at major industry conferences on cutting-edge issues in financial regulation and technology. Gary is sought after as a thought leader on the evolving landscape of digital asset regulation and the regulatory implications of AI in financial markets.
At ING, Gary served as Deputy General Counsel and Director, where he chaired swap dealer and security-based swap dealer regulatory committees and provided strategic leadership on U.S., European, and other regulations impacting the organization. He had global responsibility for U.S. derivatives regulatory issues and maintained strong relationships with regulators. Gary also co-developed ING legal’s global artificial intelligence training program and was responsible for U.S. regulatory issues relating to ING’s blockchain-based pilot programs and crypto initiatives.
Previously, Gary served as a lecturer-in-law at Columbia Law School and held senior roles at WestLB, where he was executive director, counsel, and chief U.S. data protection officer and chaired the global Dodd-Frank and underwriting committees. He began his career as an associate at a notable international firm.
Head of Legal for Blockchain, Crypto and Digital Currencies, Paypal Inc.
Jerome Roche is an experienced legal professional specializing in blockchain, cryptocurrency, and digital currencies, currently serving as the Head of Legal at PayPal. Previously, Jerome held partner positions at Linklaters and Mayer Brown, and served as Associate General Counsel at TIAA-CREF, along with an associate role at WilmerHale. Jerome earned a Juris Doctor from the University of Michigan Law School (1994-1997) and a Bachelor of Science in Mathematics from Purdue University (1988-1992)
General Counsel and Corporate Secretary, Circle
Sarah is responsible for leading Circle’s legal function to progress the company’s vision and priorities across commercial and M&A transactions, regulatory and product initiatives, corporate governance, and litigation. Sarah honed her corporate legal practice at Sullivan & Cromwell LLP before transitioning in-house, most recently serving as the Chief Legal Officer of a PE-backed company.
United States Attorney, Eastern District of California
Mr. Grant was appointed by Attorney General Pam Bondi to serve as the United States Attorney for the Eastern District of California beginning on August 11, 2025. Pursuant to 28 U.S.C. § 546(d), he was further appointed by the district court effective December 9, 2025.
Mr. Grant is a veteran of the Department of Justice, having served twice in Washington, D.C.: from 1991 to 1993 as an Attorney-Adviser in the Office of Legal Counsel, and from 2017 to 2021 as a Deputy Assistant Attorney General in the Environment and Natural Resources Division (ENRD). During his tenure at ENRD, he supervised more than a hundred Department litigators advancing the interests of the United States and its agencies in both enforcement and defensive matters, both civil and criminal.
In addition to his service in the Department, Mr. Grant has decades of experience in private practice in Washington, D.C. and Sacramento. That experience includes arguments in the U.S. Supreme Court, the California Supreme Court, and numerous other federal and state courts.
Mr. Grant served as a law clerk to Chief Justice Warren E. Burger (retired) and Associate Justice Clarence Thomas during the Supreme Court’s October 1994 Term. Earlier he served as a law clerk to Judge Edith H. Jones of the U.S. Court of Appeals for the Fifth Circuit in Houston, Texas.
Mr. Grant grew up in Modesto, California and raised his family in Sacramento County. He attended the University of California, Berkeley, from which he earned a bachelor’s degree in economics (1986) and a law degree (1990).
Partner, Hunton Andrews Kurth
Mr. Leopold is a Partner with the law firm of Hunton Andrews Kurth in Washington, DC. He is the former Senate-confirmed general counsel of the U.S. EPA from 2018-2020, and he previously was a litigator at the U.S. Department of Justice, Environment and Natural Resources Division form 2007-2013. As EPA General Counsel, he counseled on the development and defense of EPA’s most significant rulemakings, including the Affordable Clean Energy Rule, the Navigable Waters Protection Rule, and the Safe Affordable Fuel‐Efficient (SAFE) Vehicles Rule, as well as several pesticide actions. He was personally involved in defending EPA in litigation, including the County of Maui v. Hawaii Wildlife Fund in the U.S. Supreme Court. Mr. Leopold’s prior government service also includes working in Florida as general counsel of the Florida Department of Environmental Protection. He now represents clients in regulatory advocacy before federal agencies, litigates federal environmental actions, and defends clients with EPA enforcement issues.
Emmett Visiting Assistant Clinical Professor of Law in Environmental Law, Harvard Law School
Andrew Mergen is a Visiting Assistant Clinical Professor of Law and Faculty Director of the Emmett Environmental Law & Policy Clinic. Prior to joining the Harvard Law School faculty, Andrew Mergen served in the Appellate Section of the Environment & Natural Resources Division (ENRD) at the United States Department of Justice. Professor Mergen began his career at the Justice Department in the Honors Program and concluded his career as Chief of ENRD’s Appellate Section. He has presented oral arguments in all 13 federal courts of appeals, including two en banc courts, and before several state intermediate and supreme courts. He has also worked on over a dozen merits cases in the Supreme Court of the United States. In addition, in 2009, Professor Mergen assisted the Office of White House Counsel on the confirmation of the Honorable Sonia Sotomayor as Associate Justice of the Supreme Court. During his career at the Justice Department, Professor Mergen received the Attorney General’s Award for Distinguished Service three times. He also received ENRD’s Muskee-Chafee Award, honoring his work’s significant contribution to protecting the environment.
Before entering clinical teaching, Professor Mergen taught at several law schools including, Harvard Law School (Advanced Environmental Law), the University of Michigan Law School (Natural Resources Law) and the William S. Richardson School of Law, University of Hawaii-Manoa (Administrative Law). Professor Mergen has written about federal water rights in “A Misplaced Sensitivity: The Draft Opinions in Wyoming v. United States” (68 Colo. L. Rev. 683 (1997), with Sylvia F. Liu); energy development on public lands in “Surface Tension: The Problem of Federal Private Split Estates” (33 Land & Water L. Rev. 419 (1998)); climate change and the Endangered Species Act in “The Role of Climate Change in ESA Listing Decisions” (53 Rocky Mt. Min. L. Fdn. 67 (2016), with Murray Feldman) and the accommodation of Native American sacred sites on federal land in “Finding the Path Forward for Indigenous Sacred and Cultural Spaces on Federal Public Land,” 68 Nat. Resources & Energy L. Inst. 32-1 (2022). Professor Mergen is a graduate of the University of Wisconsin—Madison and the George Washington University Law School.
Senior Vice President of Programs, Earthjustice
Sam Sankar is Earthjustice’s Senior Vice President for Programs. Sam leads our Program Leadership Team, which develops Earthjustice’s strategy for carrying out our mission through litigation, lobbying and regulatory advocacy, and communications.
Sam has been working on environmental issues throughout his career, which has included service as a line attorney at the Justice Department’s Environment and Natural Resources Division, as a senior executive at General Electric, and as deputy chief counsel of a presidential commission formed to investigate the 2010 Deepwater Horizon oil spill. He has also worked as a boat captain, machinist, and senior advisor to The Nature Conservancy.
Sam received his B.S. in civil engineering from Cornell University, an M.S. in environmental engineering from Stanford University, and his law degree from the University of California, Berkeley. After law school, he clerked for Judge William Fletcher of the Ninth Circuit, Judge Louis Pollak of the Eastern District of Pennsylvania, and Justice Sandra Day O’Connor of the U.S. Supreme Court.
Sam lives in Washington, D.C., with his wife and two children.
Partner, Baker Botts LLP
Drawing from two decades of experience in senior government, in-house corporate, and private law firm roles, Jeff Wood helps clients with federal enforcement, compliance, litigation, permitting, and policy challenges primarily in the energy and environmental fields.
Prior to joining Baker Botts, Mr. Wood served for almost two years as the Acting Assistant Attorney General (AAG) for the Justice Department's Environment and Natural Resources Division (ENRD). In that capacity, Mr. Wood led ENRD and its more than 600 attorneys and staff representing EPA, Departments of the Interior, Energy, and Defense, and other agencies in civil and criminal enforcement and defensive environmental, energy, and natural resources litigation.
As the top official in ENRD, Mr. Wood managed a complex organization with an annual budget exceeding $200 million and a docket of more than 6,000 cases and matters. E&E News noted that “Wood maintains a strong relationship with ENRD's career staff” (Greenwire, Oct. 31, 2018). He previously served on the staff of the United States Senate Committee on Environment and Public Works.
At the Justice Department, Mr. Wood oversaw the Division's civil and criminal enforcement programs and was responsible for developing legal strategies and approving briefs in key cases including filings before the Supreme Court and Courts of Appeals in coordination with the Office of Solicitor General. In this role, Mr. Wood held the highest level security clearance and worked closely with top leadership at DOJ, EPA, the Interior Department, USDA, the Energy Department, Transportation Department, FERC, NRC and across the Executive Branch, including the White House.
With many years of both private law firm and in-house legal experience, Mr. Wood has handled complex environmental enforcement, regulatory, policy, and litigation matters for electric utilities, energy companies, maritime companies, mining companies, real estate developers, financial institutions, industrial companies and manufacturers, business coalitions, associations, small businesses, and individual property owners. Drawing from his experiences in-house, Mr. Wood brings a common-sense, cost-effective, client-focused approach to his work every day.
With a strong national reputation, Mr. Wood is a frequent speaker on environmental law and policy matters, with recent speeches and presentations at the Environmental Law Institute, Harvard Law School, Vanderbilt Law School, American University Law School, American Bar Association Environmental Law Conferences, the Texas Environmental SuperConference, Air Force Judge Advocate General School's Advanced Environmental Law Course, Baker Institute's Center for Energy Studies (Rice University), and many other venues. He frequently appears in national news to share insights on significant environmental law and policy issues, including recent quotes in the New York Times, Washington Post, Wall Street Journal, Bloomberg, Law360, and E&E News, among others.
United States Attorney, Eastern District of California
Mr. Grant was appointed by Attorney General Pam Bondi to serve as the United States Attorney for the Eastern District of California beginning on August 11, 2025. Pursuant to 28 U.S.C. § 546(d), he was further appointed by the district court effective December 9, 2025.
Mr. Grant is a veteran of the Department of Justice, having served twice in Washington, D.C.: from 1991 to 1993 as an Attorney-Adviser in the Office of Legal Counsel, and from 2017 to 2021 as a Deputy Assistant Attorney General in the Environment and Natural Resources Division (ENRD). During his tenure at ENRD, he supervised more than a hundred Department litigators advancing the interests of the United States and its agencies in both enforcement and defensive matters, both civil and criminal.
In addition to his service in the Department, Mr. Grant has decades of experience in private practice in Washington, D.C. and Sacramento. That experience includes arguments in the U.S. Supreme Court, the California Supreme Court, and numerous other federal and state courts.
Mr. Grant served as a law clerk to Chief Justice Warren E. Burger (retired) and Associate Justice Clarence Thomas during the Supreme Court’s October 1994 Term. Earlier he served as a law clerk to Judge Edith H. Jones of the U.S. Court of Appeals for the Fifth Circuit in Houston, Texas.
Mr. Grant grew up in Modesto, California and raised his family in Sacramento County. He attended the University of California, Berkeley, from which he earned a bachelor’s degree in economics (1986) and a law degree (1990).
Partner, Hunton Andrews Kurth
Mr. Leopold is a Partner with the law firm of Hunton Andrews Kurth in Washington, DC. He is the former Senate-confirmed general counsel of the U.S. EPA from 2018-2020, and he previously was a litigator at the U.S. Department of Justice, Environment and Natural Resources Division form 2007-2013. As EPA General Counsel, he counseled on the development and defense of EPA’s most significant rulemakings, including the Affordable Clean Energy Rule, the Navigable Waters Protection Rule, and the Safe Affordable Fuel‐Efficient (SAFE) Vehicles Rule, as well as several pesticide actions. He was personally involved in defending EPA in litigation, including the County of Maui v. Hawaii Wildlife Fund in the U.S. Supreme Court. Mr. Leopold’s prior government service also includes working in Florida as general counsel of the Florida Department of Environmental Protection. He now represents clients in regulatory advocacy before federal agencies, litigates federal environmental actions, and defends clients with EPA enforcement issues.
Emmett Visiting Assistant Clinical Professor of Law in Environmental Law, Harvard Law School
Andrew Mergen is a Visiting Assistant Clinical Professor of Law and Faculty Director of the Emmett Environmental Law & Policy Clinic. Prior to joining the Harvard Law School faculty, Andrew Mergen served in the Appellate Section of the Environment & Natural Resources Division (ENRD) at the United States Department of Justice. Professor Mergen began his career at the Justice Department in the Honors Program and concluded his career as Chief of ENRD’s Appellate Section. He has presented oral arguments in all 13 federal courts of appeals, including two en banc courts, and before several state intermediate and supreme courts. He has also worked on over a dozen merits cases in the Supreme Court of the United States. In addition, in 2009, Professor Mergen assisted the Office of White House Counsel on the confirmation of the Honorable Sonia Sotomayor as Associate Justice of the Supreme Court. During his career at the Justice Department, Professor Mergen received the Attorney General’s Award for Distinguished Service three times. He also received ENRD’s Muskee-Chafee Award, honoring his work’s significant contribution to protecting the environment.
Before entering clinical teaching, Professor Mergen taught at several law schools including, Harvard Law School (Advanced Environmental Law), the University of Michigan Law School (Natural Resources Law) and the William S. Richardson School of Law, University of Hawaii-Manoa (Administrative Law). Professor Mergen has written about federal water rights in “A Misplaced Sensitivity: The Draft Opinions in Wyoming v. United States” (68 Colo. L. Rev. 683 (1997), with Sylvia F. Liu); energy development on public lands in “Surface Tension: The Problem of Federal Private Split Estates” (33 Land & Water L. Rev. 419 (1998)); climate change and the Endangered Species Act in “The Role of Climate Change in ESA Listing Decisions” (53 Rocky Mt. Min. L. Fdn. 67 (2016), with Murray Feldman) and the accommodation of Native American sacred sites on federal land in “Finding the Path Forward for Indigenous Sacred and Cultural Spaces on Federal Public Land,” 68 Nat. Resources & Energy L. Inst. 32-1 (2022). Professor Mergen is a graduate of the University of Wisconsin—Madison and the George Washington University Law School.
Senior Vice President of Programs, Earthjustice
Sam Sankar is Earthjustice’s Senior Vice President for Programs. Sam leads our Program Leadership Team, which develops Earthjustice’s strategy for carrying out our mission through litigation, lobbying and regulatory advocacy, and communications.
Sam has been working on environmental issues throughout his career, which has included service as a line attorney at the Justice Department’s Environment and Natural Resources Division, as a senior executive at General Electric, and as deputy chief counsel of a presidential commission formed to investigate the 2010 Deepwater Horizon oil spill. He has also worked as a boat captain, machinist, and senior advisor to The Nature Conservancy.
Sam received his B.S. in civil engineering from Cornell University, an M.S. in environmental engineering from Stanford University, and his law degree from the University of California, Berkeley. After law school, he clerked for Judge William Fletcher of the Ninth Circuit, Judge Louis Pollak of the Eastern District of Pennsylvania, and Justice Sandra Day O’Connor of the U.S. Supreme Court.
Sam lives in Washington, D.C., with his wife and two children.
Partner, Baker Botts LLP
Drawing from two decades of experience in senior government, in-house corporate, and private law firm roles, Jeff Wood helps clients with federal enforcement, compliance, litigation, permitting, and policy challenges primarily in the energy and environmental fields.
Prior to joining Baker Botts, Mr. Wood served for almost two years as the Acting Assistant Attorney General (AAG) for the Justice Department's Environment and Natural Resources Division (ENRD). In that capacity, Mr. Wood led ENRD and its more than 600 attorneys and staff representing EPA, Departments of the Interior, Energy, and Defense, and other agencies in civil and criminal enforcement and defensive environmental, energy, and natural resources litigation.
As the top official in ENRD, Mr. Wood managed a complex organization with an annual budget exceeding $200 million and a docket of more than 6,000 cases and matters. E&E News noted that “Wood maintains a strong relationship with ENRD's career staff” (Greenwire, Oct. 31, 2018). He previously served on the staff of the United States Senate Committee on Environment and Public Works.
At the Justice Department, Mr. Wood oversaw the Division's civil and criminal enforcement programs and was responsible for developing legal strategies and approving briefs in key cases including filings before the Supreme Court and Courts of Appeals in coordination with the Office of Solicitor General. In this role, Mr. Wood held the highest level security clearance and worked closely with top leadership at DOJ, EPA, the Interior Department, USDA, the Energy Department, Transportation Department, FERC, NRC and across the Executive Branch, including the White House.
With many years of both private law firm and in-house legal experience, Mr. Wood has handled complex environmental enforcement, regulatory, policy, and litigation matters for electric utilities, energy companies, maritime companies, mining companies, real estate developers, financial institutions, industrial companies and manufacturers, business coalitions, associations, small businesses, and individual property owners. Drawing from his experiences in-house, Mr. Wood brings a common-sense, cost-effective, client-focused approach to his work every day.
With a strong national reputation, Mr. Wood is a frequent speaker on environmental law and policy matters, with recent speeches and presentations at the Environmental Law Institute, Harvard Law School, Vanderbilt Law School, American University Law School, American Bar Association Environmental Law Conferences, the Texas Environmental SuperConference, Air Force Judge Advocate General School's Advanced Environmental Law Course, Baker Institute's Center for Energy Studies (Rice University), and many other venues. He frequently appears in national news to share insights on significant environmental law and policy issues, including recent quotes in the New York Times, Washington Post, Wall Street Journal, Bloomberg, Law360, and E&E News, among others.
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