Earlier crypto and cybersecurity enforcement chief exits SEC, shifts to deepest practice
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Aug. 19, 2024
Oeisdigitalinvestigator.com: David Hirsh to enhance McGuireWoods’ securities practice with intensive SEC expertise.
Key Takeaways
- David Hirsh has left the SEC to affix McGuireWoods’ securities practice.
- Hirsh’s expertise at SEC will toughen McGuireWoods’ regulatory counseling.
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David Hirsch, who no longer too long ago led the Securities and Substitute Charge’s Crypto Property and Cyber Unit (CACU), has joined law company McGuireWoods as a associate in Washington, D.C. Hirsch will be a part of the company’s securities enforcement and regulatory counseling practice.
As CACU chief in the SEC’s Division of Enforcement, Hirsch oversaw first-of-their-kind investigations, resolutions, and litigation linked to crypto assets. He was liable for recommending and implementing the SEC’s cybersecurity enforcement priorities and played a key position in setting up the company’s blueprint to enforcing registration obligations for various crypto asset activities.
Earlier than changing into CACU chief in 2022, Hirsch served as counsel to SEC Commissioner Caroline Crenshaw. In this position, he reviewed and suggested on enforcement solutions earlier than the SEC and incessantly engaged with market participants, advocates, media, and legislative crew.
Regulatory regime
Hirsch’s transfer to McGuireWoods comes amid increasing regulatory scrutiny of the crypto industry in america. In most well liked years, the SEC has taken a more aggressive stance against crypto companies, filing a slew of lawsuits against excessive-profile companies equivalent to Coinbase, Kraken, and Uniswap. Extra no longer too long ago, the SEC has been targeting mission capital companies working with crypto companies.
At McGuireWoods, Hirsch will point of interest on an unlimited securities enforcement practice, in conjunction with advising purchasers on matters linked to cybersecurity and crypto assets. Robert Muckenfuss, chair of the company’s Monetary Products and services & Securities Enforcement Department, emphasised the importance of Hirsch’s expertise, pointing out:
“Cybersecurity and crypto are all of a sudden evolving areas of the law and Dave’s weird and wonderful background and intensive expertise in securities enforcement will serve our purchasers preserve ahead of the curve.”
The addition of Hirsch to McGuireWoods’ crew reflects the increasing seek info from for appropriate expertise in crypto and cybersecurity laws. Companies with specialized info in these areas are inclined to play the biggest position in serving to purchasers navigate advanced compliance challenges and enforcement actions in the situation.
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