What's Happening?
Skadden, Arps, Slate, Meagher & Flom has announced the hiring of Aaron Washington, a former Special Counsel in the Office of the Chief Counsel of the SEC’s Division of Trading and Markets. Washington will serve as counsel in Skadden's Washington, D.C. office, focusing on securities regulation, including broker-dealer and digital asset regulation, trading platforms, and financial market infrastructure. His previous role at the SEC involved providing interpretive guidance, contributing to rulemaking initiatives, and advising on enforcement matters concerning broker-dealers, digital asset trading, and security-based swaps. Washington's expertise in market access, market-making, trading practices, and over-the-counter markets is expected to enhance Skadden's capabilities in these areas.
Why It's Important?
The addition of Aaron Washington to Skadden's team is significant as it bolsters the firm's expertise in navigating complex securities regulations, particularly in the rapidly evolving digital asset space. This move reflects the growing importance of regulatory compliance in financial markets, especially as digital assets and trading platforms continue to gain prominence. Skadden's clients, which include major financial institutions and corporations, stand to benefit from Washington's deep understanding of SEC regulations and his experience in shaping policy and enforcement strategies. This hire underscores the firm's commitment to providing top-tier legal advice in a highly regulated industry.
What's Next?
With Washington's appointment, Skadden is likely to expand its advisory services in securities regulation, potentially influencing the firm's approach to emerging issues in digital asset regulation and trading platforms. Clients may expect more comprehensive guidance on compliance with SEC rules and proactive strategies to address regulatory challenges. As the regulatory landscape continues to evolve, Skadden's enhanced capabilities could position it as a leader in advising on securities and digital asset regulations.
