CoinVoice recently learned that FOX reporter Eleanor Terrett posted on social media that the SEC's "revolving door" phenomenon is particularly evident this year, with many well-known officials leaving their jobs and joining private companies that provide services to clients in the financial services industry.
Carolyn Welshhans, former acting head of the Crypto Assets and Cyber Group, joins Morgan Lewis to focus on securities enforcement matters. Gurbir Grewal, former director of the Enforcement Division, joins Milbank Law as a partner, and the firm is currently representing clients such as Binance in a lawsuit filed by the SEC while Grewal was in office. David Hirsch, former head of the Crypto Assets and Cyber Group, joins McGuireWoods LLP to advise clients on crypto-related matters and cybersecurity regulations. Ladan Stewart, who previously filed lawsuits against Coinbase and Ripple for the SEC, has joined White & Case to help clients respond to SEC enforcement actions related to crypto and other areas. [Original link]
