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As co-chair of Frost Brown Todd’s Blockchain and Digital Currency team, Gray regularly advises clients on the regulatory and business issues arising when cryptographic computing intersects with U.S. securities laws. In addition to serving as U.S. counsel for recent initial coin offerings launched from foreign jurisdictions, he has established several new hedge funds specializing in tokenized assets.

Prior to joining the firm, Gray served as Senior Vice President for Congressional Affairs of the Export-Import Bank of the United States. He has worked with foreign companies growing the regional economy through direct investment in the U.S., while assisting American enterprises with expanding their global footprint. An active member of the firm’s International Services Group, he regularly provides strategic advice on navigating federal export and trade issues and serves on the Tennessee District Export Council.

A regular commentator and frequent speaker on regulatory developments affecting the sale of tokenized assets, Gray is an adjunct professor at Belmont University teaching classes on Chinese political economy. He previously served as chairman of the Tennessee Democratic Party and has practiced law in Nashville, Houston and Beijing with Miller & Martin PLLC and Vinson & Elkins LLP.

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Other Info About Gray


Legal Work Highlights

Provides strategic and legal advice to regional and national companies entering or expanding operations in the People’s Republic of China, including development of effective governmental affairs strategy, entity-selection and site-location, as well as evaluation of potential PRC partners.

Advising prominent national business organization advocating for United States trade and diplomatic engagement.

Advised Maryland medical equipment company in connection with obtaining federal government support for exports to Africa.

Assisting Tennessee-based high-tech equipment manufacturer in connection with federal export licensing issues.

Delivered presentation on doing business in China to Nashville bar organization.

Represented Kentucky and Tennessee telephone cooperatives in amendment of applicable Tennessee statues and related series of merger transactions. Assisted major metropolitan hospital in obtaining Tennessee Attorney General’s consent to non-profit merger.

Primary responsibility for drafting and negotiating detailed transitional services agreements, coordinating two overseas signing ceremonies and supervising the work of European attorneys in connection with multi-jurisdictional sale of petrochemical assets for a leading international oil company.

Represented regional company specializing in counseling and treatment of troubled teens in sale of substantially all of its assets to a publicly-traded Texas health care company.


Law School

Vanderbilt University Law School, J.D.
Beijing University, Chinese Language Center

Graduate School

London School of Economics, Masters of Science in Economic History

Undergraduate School

Princeton University, B.A., History

Bar Membership

Gray is licensed to practice in the following state(s):


Professional Affiliations

Professional Affiliations & Memberships

Martha O’Bryan Center, Board Member

Tennessee Historical Commission, Commissioner 2005-2010
(appointed by Gov. Phil Bredesen)