David Hirsch, former SEC Crypto Chief, now partners at McGuireWoods, focusing on cybersecurity and securities enforcement.
Hirsch's expertise from high profile SEC cases like FTX and Coinbase will enhance McGuireWoods’ legal strategies in cryptocurrency.
His appointment marks a significant move in legal practices, intergrating regulatory compliance with financial technology innovations.
The former head of the SEC's Crypto Assets and Cyber Unit, has recently joined the Washington, D.C. office of McGuireWoods as a partner. This role for Hirsch has been seen after several cases involving the largest exchanges in the world, including FTX and Coinbase, during his role with the SEC.
From SEC Enforcement to Legal Counsel
Hirsch has been at the position of directing dozens of enforcement actions, which have helped shape the regulatory environment. During his tenure at the SEC, his work broadened the scope of entities and individuals, heightening cybersecurity requirements.The announcement was noted by Mario Nawfal to his 75,000 followers through his X space account.
https://twitter.com/RoundtableSpace/status/1825761310900105519
His move to McGuireWoods is both logical and coincidental with the new areas being staked out at the firm in securities enforcement and cybersecurity. At McGuireWoods, Hirsch will focus on securities enforcement and cybersecurity matters and will apply the regulatory perspective he gained at the SEC to provide clients with advanced legal advice in an age of digital transformation.
Consequences of Hirsch's New Role at McGuireWoods
According to McGuireWoods, the arrival of David Hirsch adds to its legal talent bench in a few critical financial services and technology infrastructure areas. He will be in hot demand now that cybersecurity threats are growing exponentially and digital assets are being much more closely integrated with traditional financial systems. Hirsch has great experience with the SEC's latest crypto enforcement actions and is knowledgeable about new cybersecurity rules for public companies.
Recently, the SEC has been keen in its cryptocurrency regulations, focusing on firms like Ripple, Coinbase, and Kraken. Ripple recently won its legal battle with the regulatory body, but rumors say the SEC may appeal the court’s ruling.
In its most recent legal action, the Securities and Exchange Commission acted on NovaTech, charging the company and its leaders with a $650 million crypto scam. This massive fraud deceived over 200,000 investors through fake marketing and crypto investment schemes.
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