Crypto hiring: Former SEC leader resurfaces at law firm
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David Hirsch, the former head of the Securities and Exchange Commission’s crypto assets and cyber unit, has joined McGuireWoods as a partner.
He will be a key figure in the firm’s securities enforcement and regulatory counseling practice, the law firm announced on Monday.
Hirsch’s appointment follows his announcement in June that he would be leaving the SEC, where he led its crypto and cyber-focused division since 2022. During that time, he “played a leading role establishing the agency’s approach to enforcing registration obligations for a variety of crypto asset activities,” McGuireWoods noted in a news release.
Notably, the SEC — under Hirsch’s leadership — sued crypto exchanges Coinbase and Binance for allegedly listing unregistered securities.
Hirsch appeared at a Digital Assets Council of Financial Professionals conference just days later, noting that while the SEC was not looking to drive crypto offshore, the agency would keep “pursuing claims for the unregistered offer and sale of securities.”
Despite many accusing the SEC of failing to define clear rules for crypto companies and regulating via enforcement, Hirsch said the SEC has made a “sincere effort” to provide guidance where it can — but added: “We’re not your lawyers.”
Now, Hirsch will indeed be advising clients on cybersecurity- and crypto-related matters out of Washington DC.
“He knows how regulators think and has an in-depth understanding of the intricate compliance challenges clients face in today’s market, including with respect to crypto and cybersecurity regulation,” Noreen Kelly, McGuireWoods’ deputy managing partner for litigation, said in a statement.