Reflecting its determination to monitor the crypto markets, the U.S. Securities and Exchange Commission announced today that it was renaming the Cyber Unit the “Crypto Assets and Cyber Unit” and nearly doubling its size, from 30 to 50 members. The additional permanent positions will include investigative staff attorneys, trial lawyers and fraud analysts, who will target the full panoply of hot topics in the crypto world.

Read on for details about this development and implications for crypto market participants.

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Photo of Molly White Molly White

Molly is a former Securities and Exchange Commission prosecutor, who brings her seasoned trial and trial preparation skills to a range of clients in complex commercial litigation and government, regulatory and criminal investigation matters.

Photo of Clayton J. Stallbaumer Clayton J. Stallbaumer

Clayton represents agents, lenders, borrowers, private-equity firms, and debt funds in connection with senior secured and unsecured commercial loan facilities (including enterprise-value and asset-based facilities), second-lien loan facilities, and mezzanine loan facilities.

Photo of Kevin B. Frankel Kevin B. Frankel

Drawing on his deep experience in private practice and public service, Kevin represents some of the world’s most prominent financial institutions, corporations, and executives in data privacy and security, investigations, trials, regulatory enforcement proceedings, and complex civil litigation. He also advises on compliance…

Drawing on his deep experience in private practice and public service, Kevin represents some of the world’s most prominent financial institutions, corporations, and executives in data privacy and security, investigations, trials, regulatory enforcement proceedings, and complex civil litigation. He also advises on compliance matters.

Photo of Susan C. Rodriguez Susan C. Rodriguez

Susan, co-leader of the firm’s financial institutions industry team, primarily focuses on government investigations and complex civil litigation. She has defended clients in numerous government enforcement actions by the Department of Homeland Security, Department of Justice, Consumer Financial Protection Bureau (CFPB), and the…

Susan, co-leader of the firm’s financial institutions industry team, primarily focuses on government investigations and complex civil litigation. She has defended clients in numerous government enforcement actions by the Department of Homeland Security, Department of Justice, Consumer Financial Protection Bureau (CFPB), and the Federal Trade Commission (FTC), among others. In addition to representing individuals and companies in federal and state court, Susan has experience in dealing with the financial services, communication, transportation, and defense industries. She has also represented individuals and companies in response to congressional inquiries and investigations.

Photo of Brian P. Coughlan Brian P. Coughlan

As a partner in the Corporate & Private Equity group, Brian represents investment funds and strategic acquirers in connection with mergers, acquisitions, investments, divestitures and other strategic and financial investment activities, with a particular focus on debt financing structures.

Photo of Rakesh Gopalan Rakesh Gopalan

Rakesh is a technology and securities lawyer, with extensive experience in complex technology and outsourcing deals, public securities issuances (including initial public offerings) and public company reporting requirements, private- and public-company mergers and acquisitions, and other corporate and transactional matters. He is currently…

Rakesh is a technology and securities lawyer, with extensive experience in complex technology and outsourcing deals, public securities issuances (including initial public offerings) and public company reporting requirements, private- and public-company mergers and acquisitions, and other corporate and transactional matters. He is currently co-chair of the firm’s fintech practice and formerly co-chair of the firm’s institutional banking practice. Rakesh is actively involved in diversity and inclusion efforts within the firm and the legal community, including through his work as a founding member and current board member of the Charlotte Asian Pacific American Bar Association and as chair of the firm’s Asian Lawyers Network.