Regulation
SEC Former Crypto Chief Joins McGuireWoods Law Firm
David Hirsch, who previously led the SEC’s Crypto Assets and Cyber Unit, has joined McGuireWoods as a partner. Hirsch will contribute to the firm’s securities enforcement and regulatory counseling practice in Washington, D.C. His experience will enhance McGuireWoods’ capabilities in navigating the complexities of cybersecurity and cryptocurrency regulations.
David Hirsch Brings Extensive SEC Experience
According to McGuireWoods’ press release, Hirsch will provide legal counsel on securities enforcement and cybersecurity matters. Previously, he served as the chief of the SEC’s Crypto Assets and Cyber Unit, where he oversaw enforcement initiatives.
Additionally, David Hirsch was pivotal in shaping the agency’s approach to crypto asset registration obligations. His tenure at the regulatory firm gave him deep insights into the regulatory challenges market participants face in the rapidly evolving crypto industry.
Before leading the Crypto Assets and Cyber Unit, Hirsch advised SEC Commissioner Caroline Crenshaw on enforcement recommendations. His background includes experience in private investigations focused on securities fraud. At McGuireWoods, Hirsch is will leverage this extensive experience to advise clients on critical regulatory and compliance issues.
McGuireWoods Strengthens Securities Team
McGuireWoods’ securities enforcement team is known for its deep bench of former regulators and federal prosecutors. Hirsch’s addition to the team is seen as a strategic move to bolster the firm’s capabilities in the ever-changing fields of cybersecurity and crypto regulation. His knowledge of regulatory processes and enforcement strategies will be invaluable as the firm navigates complex investigations and litigation.
The firm has built a reputation for managing securities investigations at all stages, from informal inquiries to full-scale litigation. With Hirsch’s arrival, McGuireWoods is positioned to support clients facing regulatory challenges in crypto.
Crypto and Cybersecurity Law at a Crossroads
The SEC has intensified its cryptocurrency enforcement, focusing on major firms like Ripple, Coinbase, and Kraken. Ripple recently won its lengthy legal battle with the the regulatory body, but rumors suggest the SEC may appeal the court’s ruling.
In its most recent legal action, the Securities and Exchange Commission cracked down on NovaTech, charging the company and its leaders with orchestrating a $650 million crypto scam. This massive fraud deceived over 200,000 investors through deceptive multi-level marketing and crypto investment schemes.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience. He has worked extensively with various media outlets on cryptocurrency trends and technologies. When he’s not analyzing the latest crypto developments, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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