A recent guilty plea in U.S. v. Wahi in the U.S. District Court for the Southern District of New York, a crypto insider trading case, sets up an interesting situation where the defendants — who have already pled guilty to wire fraud — are challenging the SEC’s parallel civil charges

Julia Alonzo
Julia Alonzo is the Litigation Department Legal Director. She works closely with the department’s co-chairs to manage its business and operations, and works with the entire department to execute on its strategic plan. As a long-time Proskauer lawyer, and an accomplished member of its Litigation Department, Julia has taken on an additional firm-wide leadership role that focuses on building a community that provides fair opportunities for women attorneys across all departments and at all stages of their careers.
Julia also serves on the Firm’s Hiring Committee and Summer Program Committee.
Until 2024, Julia was a Senior Counsel in Proskauer’s Litigation Department, with a focus on securities, corporate governance, and restructuring litigation.
CFTC Head Urges Congressional Action on Crypto while SEC Leader Says Crypto Rulemaking is “Years Away”
Both the head of the Commodity Futures Trading Commission (CFTC) and leader of the SEC agree that the crypto markets need regulating, and specific rules may help clarify which agency has authority to regulate various cryptocurrency activities. The client alert below discusses both CFTC Chairman Rostin Behnam’s comments and SEC…