The senior leadership that will be responsible for white collar enforcement under the Biden Administration is starting to crystalize. In January 2021, President Joseph R. Biden, Jr. announced several key nominations for the US Department of Justice (DOJ), including DC Circuit Judge Merrick Garland for Attorney General, veteran prosecutor Lisa Monaco for Deputy Attorney General, and Gary Gensler – former Chair of the Commodity Futures Trading Commission (CFTC) – for Chair of the US Securities and Exchange Commission (SEC). While confirmation hearings for these nominees remain pending, many anticipate a surge in white collar enforcement activity once this team is in place.
Several of the key areas where the Biden Administration may focus its enforcement efforts may impact the tech industry, including competition and antitrust policy.
For more information about the administration’s potential enforcement priorities, read our recent White Collar Alert here.