A former top crypto regulator with the United States Securities and Exchange Commission (SEC) will represent Caroline Ellison, the ex-Alameda Research CEO, in an ongoing federal probe, according to a Dec. 10 report from Bloomberg.
Ellison will be represented by Stephanie Avakian and a team of attorneys from WilmerHale. Avakain is currently chair of the Securities and Financial Services department at the law firm. At the SEC, she was a director at the Enforcement Division, where she expanded cryptocurrency oversight, bringing cases against Robinhood (NASDAQ:HOOD) and Ripple Lab.