3 months ago
Mike Selig, the newly-appointed main counsel for the SEC’s Crypto Task Force, was antecedently a New York-based spouse astatine Willkie Farr & Gallagher LLP.
Mar 3, 2025, 10:40 p.m. UTC
The caller main counsel of the U.S. Securities and Exchange Commission’s (SEC) freshly-created Crypto Task Force is simply a crypto lawyer.
Michael Selig, who was named main counsel of the task unit successful a Monday announcement from the SEC, was antecedently a New York-based spouse astatine white-shoe planetary instrumentality steadfast Willkie Farr & Gallagher, wherever helium was a subordinate of the firm’s crypto practice. Before joining Willkie, Selig interned for the Commodity Futures Trading Commission (CFTC).
In a Monday X post, erstwhile CFTC Chairman Chris Giancarlo, affectionately known arsenic “CryptoDad” by galore successful the industry, congratulated Selig connected his appointment. Giancarlo is besides elder counsel astatine Wilkie Farr, wherever helium leads the firm’s Digital Works practice.
“Proud and excited for my protege, erstwhile CFTC intern and Willkie spouse Mike Selig to beryllium named main counsel to the caller SEC Crypto Task Force,” Giancarlo wrote.
Last October, Selig wrote an op-ed for CoinDesk laying retired his suggestions for however the SEC could determination distant from the alleged “regulation by enforcement” the bureau practiced nether erstwhile Chair Gary Gensler and alternatively make a regulatory situation that encourages innovation. Several of Selig’s suggestions — including rescinding the arguable Staff Accounting Bulletin 121 and withdrawing from definite lawsuits – have already been implemented by the caller Crypto Task Force.
Selig was 1 of 14 unit members named successful the Monday announcement. His colleagues see respective crypto manufacture natives — Landon Zinda, erstwhile argumentation manager astatine crypto deliberation vessel Coin Center, and Veronica Reynolds, a erstwhile lawyer astatine Baker Hostetler LLP focused connected NFTs and metaverse-related ineligible issues, some of whom volition service arsenic elder advisors to the task unit — as good arsenic vocation SEC staff. Zinda’s appointment to the task unit was announced successful February.
“The Crypto Task Force exhibits heavy expertise and an enthusiastic committedness to identifying — with the assistance of different talented unit crossed the Commission and funny members of the nationalist — workable solutions to hard crypto regulatory problems,” Commissioner Hester Peirce, the person of the task force, said successful a Monday statement.
Cheyenne Ligon
On the quality squad astatine CoinDesk, Cheyenne focuses connected crypto regularisation and crime. Cheyenne is primitively from Houston, Texas. She studied governmental subject astatine Tulane University successful Louisiana. In December 2021, she graduated from CUNY's Craig Newmark Graduate School of Journalism, wherever she focused connected concern and economics reporting. She has nary important crypto holdings.
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