In brief On July 13, 2023, Judge Analisa Torres of the Southern District of New York issued an Order on competing motions for summary judgment in the closely followed SEC v. Ripple Labs, Inc. litigation. As the first court decision to broadly address the question of whether a cryptocurrency itself is a security, as the SEC has maintained in most circumstances, the Order may have broad implications to the state of crypto industry regulation in the US.…
Author
Aiden O'Leary
BrowsingAiden O'Leary is an associate in Baker McKenzie's Financial Regulation and Enforcement Practice Group in North America. Aiden is a regulatory lawyer with a focus on federal and state securities laws impacting the broker-dealer and investment adviser industries. Prior to joining the Firm Aiden was an attorney with the NYS Department of Financial Services, where he focused his practice on the regulation, licensing, and supervision of a wide range of financial services companies, including those engaged in virtual currency businesses activity.
Aiden represents broker-dealers, investment advisers, and other financial services clients across a variety of regulatory and enforcement matters. Aiden assists clients on federal and state securities laws and compliance with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Aiden also advises clients across a diverse range of financial services, including counseling clients on the development of new financial services and products, navigating federal and state licensing issues, and compliance with US and international anti-money laundering laws and the US Bank Secrecy Act, especially within the context of virtual currencies.