BRAEDEN ANDERSON
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Hi, I’m Braeden.
I'm a partner at Gesmer Updegrove LLP, where I lead the Securities Regulatory and Enforcement and Digital Assets practice areas. I’ve served as Assistant General Counsel at Robinhood, practiced at Kirkland & Ellis and Sidley Austin, and represented clients in high-stakes matters before the SEC, DOJ, FINRA, and state regulators.
I write and make content for people who don’t have time to guess: founders, lawyers, regulators, and smart operators who know better than to rely on Google or the AI answer without context.
I've been recognized by U.S. Best Lawyers: Ones to Watch® for Financial Services and Securities Regulation, and listed in Marquis Who’s Who in America for contributions to law and public service.
Enjoy the content. I hope you find what you’re looking for. And if you want to talk something through, don’t hesitate to reach out. I’d love to hear from you. It’s really cool when readers become clients.
SEC Unmasks $91M Ponzi Scheme in Texas: Three DFW Residents Charged in Sweeping Fraud Case
The Securities and Exchange Commission (SEC) has filed sweeping civil charges against three Dallas-Fort Worth (DFW) residents for orchestrating an alleged $91 million Ponzi scheme that defrauded over 200 investors. The defendants—Kenneth Alexander II, Robert D. Welsh, and Caedrynn E. Conner—now face allegations of violating the antifraud and registration provisions of federal securities laws through a complex network of deceptive investment vehicles.
Civitas Resources Faces Securities Class Action After 18% Stock Drop: What Investors and Public Companies Should Know
Civitas Resources, Inc. (NYSE: CIVI), a prominent player in the U.S. oil and gas sector, now finds itself at the center of a securities class action lawsuit following a sharp 18% decline in its stock price. The complaint, filed in the U.S. District Court for the District of New Jersey (captioned Lin v. Civitas Resources, Inc., et al., No. 25-cv-03791), alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, spotlighting misstatements concerning production capabilities and capital expenditures.
SafeMoon Trial Opens: Former CEO Claims Innocence, Points to Founder as Culprit
The trial of SafeMoon’s former CEO, Braden John Karony, commenced this week in the U.S. District Court for the Eastern District of New York (EDNY), adding another complex layer to the growing landscape of crypto enforcement actions. Facing charges of securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy, Karony has publicly asserted his innocence—and in a rare move, attempted to deflect culpability toward SafeMoon’s founder, Kyle Nagy.
Crypto Legislation Collides with Trump’s Digital Asset Ties as House Hearing Implodes
Efforts to establish a comprehensive digital asset regulatory framework were sidelined on Tuesday, not by policy disagreement, but by political uproar.
What was expected to be a pivotal joint hearing between the House Financial Services and Agriculture Committees was instead derailed by a high-profile objection from Democratic leadership, intensifying an already volatile environment around crypto legislation.
How to Get Formation Right: Why Entity Structure Is the First Strategic Decision You’ll Make
Formation is often treated like a checkbox, but it’s actually one of the first real strategic choices a founder makes. The right structure helps you raise money, avoid painful surprises, and stay flexible as you grow. This article breaks down what clean formation looks like, when complex structures make sense, and how thoughtful decisions now can save time, money, and stress later.
Do I need a lawyer yet? Why early legal strategy is a startup’s secret weapon
Early legal strategy is a startup’s secret weapon. In today’s funding climate, investors are scrutinizing structure—not just story. A clean legal foundation signals you're serious, protects value, and can make or break a deal. You don’t need to over-lawyer—but you do need a smart plan.
Generative AI and the Legal Profession
Generative AI is rapidly becoming a fixture in legal practice, transforming workflows, expectations, and client demands. According to Thomson Reuters’ 2025 Generative AI in Professional Services Report, usage of generative AI among law firms and in-house legal departments has nearly doubled over the past year, with 26% now using the technology and 59% supporting its use in legal work. While the pace of adoption is striking, it has outpaced the development of formal policies, training, and clear legal frameworks for responsible implementation.
Post-Liberation Day “Secondary Tariffs”
On April 2, 2025, the Trump administration declared a new “Liberation Day”—a sweeping trade policy shift marked by aggressive new tariffs that reverberate far beyond traditional bilateral trade disputes. Under Executive Order 14245, the United States now claims the authority to impose a 25% tariff on all goods from any country that imports Venezuelan oil, whether directly or through intermediaries. This is not merely a sanctions expansion. It is a geopolitical reshaping of trade policy through discretionary economic punishment for third-party relationships—a dramatic shift from prior norms of trade enforcement.
The SEC’s Crypto Custody Roundtable: A Tipping Point for Regulatory Clarity or More Questions?
The Securities and Exchange Commission has released the full agenda and panel lineup for its April 25 roundtable, “Know Your Custodian: Key Considerations for Crypto Custody.” The speaker list is impressive—though, perhaps, it might have been even stronger had they invited me (a guy can dream, right?). Scheduled to take place at SEC headquarters in Washington, D.C., the event will bring together regulators, law firm partners, academics, and crypto-native custodians for what may prove to be the most consequential public dialogue on digital asset custody to date.
Bitcoin as a Strategic Reserve: Policy, Legal, and Compliance Implications
As governments around the world begin to explore bitcoin as a sovereign reserve asset, the legal and operational challenges of holding decentralized digital assets at scale are coming into focus. With the U.S. now consolidating over 200,000 BTC under a newly created Strategic Bitcoin Reserve, federal agencies must confront unprecedented questions around custody, classification, transparency, and compliance. This article examines how sovereign crypto ownership reshapes the legal landscape—where sovereign immunity meets private key management, and where agencies once tasked solely with regulation must now coordinate as market participants. The implications for global reserve policy, national security, and financial law are only beginning to unfold.
Securities Docket Weekly Update - April 11
Here are the top stories in securities enforcement and regulation for the week ending April 11, 2025. From viral market misinformation to a new SEC Chair, let’s get into it. Don’t forget to like, comment, and subscribe for weekly updates! 👊🏽🇺🇸
Securities Docket Weekly Update - March 29
Securities Docket Weekly Update - March 29, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Securities Docket Weekly Update - March 21
Securities Docket Weekly Update - March 21, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Securities Docket Weekly Update - March 14
Securities Docket Weekly Update - March 14, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Securities Docket Weekly Update - March 7
Securities Docket Weekly Update - March 7, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Securities Docket Weekly Update - Feb 28
Securities Docket Weekly Update - Feb 28, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Securities Docket Weekly Update - Feb 21
Securities Docket Weekly Update - Feb 21, 2025. Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates! 👊🏽🇺🇸
Securities Docket Weekly Update - Feb 14
Securities Docket Weekly Update Feb 14, 2025 - Join me as I break down the top securities enforcement and regulatory developments shaping the industry this week! Don’t forget to like, comment, and subscribe for weekly updates!
Harvard vs. Trump: Federal Funding, Free Speech, and the Fight for Academic Autonomy
A high-stakes legal and political confrontation is unfolding between Harvard University and the Trump administration. At its core lies a dispute over federal research funding, the right of private universities to operate independently, and the administration’s efforts to combat antisemitism on campuses. The conflict raises profound questions about constitutional law, academic freedom, and the extent of executive power over institutions of higher learning.
SEC’s April 2025 Crypto Guidance Flop
On April 10, 2025, the U.S. Securities and Exchange Commission’s Division of Corporation Finance (CorpFin) released a detailed statement outlining disclosure expectations for offerings and registrations of securities in the crypto asset markets. While the framework is thorough, well-organized, and undeniably helpful to lawyers and compliance professionals, it suffers from a familiar and recurring issue in the Commission’s approach to crypto: it does not say who the rules apply to.