Iris Xie advises clients from financial services and fintech industries on a broad range of government and internal investigations, criminal and civil enforcement proceedings, and complex litigation matters. 
Iris draws on a sophisticated understanding of enforcement and regulatory trends in both emerging and traditional financial markets. She regularly represents international and public corporations, financial institutions, boards, and senior executives in:

  • Government investigations and enforcement matters involving the US Department of Justice (DOJ), the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), and other federal agencies
  • Federal securities class actions
  • Complex civil litigation matters in federal and state courts 
  • Arbitrations and mediations over high-stakes business disputes

Iris advises clients across a range of highly regulated industries, including banking and financial services, technology, and e-commerce. She is a go-to resource on cryptocurrency and Web3, advising clients on a range of compliance, litigation, and enforcement matters at the forefront of regulatory developments involving digital assets and blockchain technology. Her recent cryptocurrency matters include investigations by the DOJ, SEC, CFTC, Office of Foreign Assets Controls (OFAC), and Financial Crimes Enforcement Network (FinCEN) across multiple statutory and regulatory regimes. 

A native Mandarin speaker with deep roots in the Chinese market, Iris frequently represents China-based and Mandarin-speaking clients, bringing a cross-border perspective to their highest-stakes commercial litigation and regulatory matters.

Iris is a member of the firm’s Recruiting Committee and the New York Office leader of the Parent Lawyers Group. She also dedicates significant time to associate development at the firm.    

Iris' experience includes representing:

  • The founder and former CEO of the world’s largest cryptocurrency exchange in DOJ prosecution and related CFTC and SEC enforcement actions
  • A co-founder and CEO of a large global cryptocurrency exchange in multiple US regulatory investigations and proceedings
  • A co-founder and former executive of BitMEX, a global cryptocurrency derivatives platform, in a criminal prosecution by the US Attorney’s Office for the Southern District of New York, a related civil enforcement action by the CFTC, and private civil class actions
  • The founder, CEO, and chairman of the board of a major US financial institution in high-stakes investigations by the SEC and FDIC, as well as a federal securities class action
  • A hedge fund in a Section 16 lawsuit in the Southern District of New York challenging the validity of PIPE financing 
  • Qihoo 360, a leading China-based technology company, and its founder, achieving substantial dismissal of claims in a federal securities class action
  • GigaCloud Technology, a global B2B e-commerce platform, and its directors and officers, achieving substantial dismissal of claims in a federal securities class action  
  • Ready Coffee, a New York-based start-up coffee business, before the New York Supreme Court, Commercial Division, securing a significant victory on motion for summary judgment 
  • The British Bankers’ Association in all US litigation relating to allegations of manipulation of the London Interbank Offered Rate (LIBOR), achieving full dismissal at the pleading stage

Bar Qualification

  • New York

Education

  • JD, Georgetown University Law Center, 2015
    cum laude
  • BA in Psychology, University of Richmond, 2012
    summa cum laude

Languages Spoken

  • English
  • Chinese (Mandarin)