Head of SEC’s Crypto Legal Team Exits for Private Firm
Head of SEC’s Crypto Appropriate Team Exits for Non-public Company
The leader of the Securities and Replace Payment’s (SEC) crypto and cyber litigation upright group of workers has left to be a part of inside of most agency White & Case, in step with a February 21 press free up.
White & Case supplied that Ladan Stewart had joined the agency as a accomplice in its white-collar protection group of workers.
Head of the SEC’s Crypto and Cyber Litigation Unit
Stewart spent eight years within the SEC’s enforcement division and has led the Payment’s crypto and cyber litigation unit since September 2022. The unit was the first-ever specialized litigation department at the SEC.
At the SEC, Stewart led the lawsuit filed in opposition to crypto change Coinbase in June 2023, alleging that it operated without honest registration as a securities change, dealer, and clearing agency. She additionally performed a key position within the extended upright war between the SEC and the digital payment protocol Ripple, questioning whether its XRP token qualifies as an unregistered security.
A federal contain in Contemporary York dominated final year that Ripple’s XRP token will not be thought a pair of security when offered to most of us, a decision famous by the enterprise as a triumph. No topic this, SEC Chair Gary Gensler has opted to convey the ruling by submitting an allure.
Gensler has been viewed as a sturdy crypto critic, maintaining the look that most digital tokens are securities.
A thread 🧵
Some things to steal into consideration while you are pondering investing in crypto resources:
— Gary Gensler (@GaryGensler) January 8, 2024
Stewart Joins White & Case
In an interview with Bloomberg, Stewart acknowledged she deliberate to construct a crypto and cyber protection practice at White & Case.
“Crypto is right here to set—that’s change into very certain with the starting up of a slew of Bitcoin change-traded funds,” she acknowledged. “Given the complexity and the turbulent enforcement enviornment, upright questions surrounding crypto are going to be at the forefront for some time.”
Joel Cohen, the leader of White & Case’s white-collar group of workers, acknowledged within the free up that Stewart’s ride will be key within the agency’s efforts to lengthen its white-collar footprint.
“Ladan brings precious ride as we proceed to strategically toughen our white collar, investigations, securities, and financial institution litigation footprint and capabilities within the US,” Cohen acknowledged. “Ladan’s newest position as the head of the SEC’s specialized crypto and cyber litigation unit is a critical asset given the heightened regulatory scrutiny of the crypto enterprise lately.”
White & Case is one amongst the greatest legislation companies within the United States with over 2,600 lawyers unfold all the tactic in which by technique of 40-plus world offices. In recent years, the agency’s predominant consumers respect integrated Microsoft, AbbVie Inc., and GoldenTree Asset Management.
Source : cryptonews.com
