The new main lawyer of the newly created cryptographic working group of the US Values and Securities Commission (SEC) is a cryptographic lawyer.
Mike Selig, who was appointed main lawyer of the Task Force in an announcement on Monday of the SEC, was previously a partner in New York headquarters in White-Shoe International Law Firm Willkie Farr & Gallagher, where he was a member of the firm’s cryptography practice. Before joining Willkie, Selig admitted to the Basic Products Future Trade Commission (CFTC).
In a Monday X post, the former president of CFTC, Chris Giancarlo, affectionately known as “Cryptodad” for many in the industry, congratulated Selig for his appointment. Giancarlo is also a main lawyer in Wilkie Farr, where he directs the practice of digital works of the company.
“Proud and excited by my protected one, the former CFTC inmate and a partner of Willkie Mike Selig to be appointed main lawyer of the new Crypto SEC’s task force,” Giancar was wrote.
Last October, Seligo wrote an opinion article for Coindesk presenting its suggestions on how the SEC could move away from the so -called “application regulation” that the agency practiced under former President Gary Gensler and, on the other hand, create a regulatory environment that fosters innovation. Several of the Selig suggestions, including terminating the controversial Bulletin 121 of personnel accounting and withdrawing from certain demands, have already been implemented by the new cryptographic work group.
Selig was one of the 14 personnel members appointed in Monday’s announcement. His colleagues include several natives of the cryptographic industry: Landon Zinda, former policy director of Crity Think Tank Coin Center, and Veronica Reynolds, former lawyer of Baker Hostetler LLP centered on NFT and legal problems related to metovers, who will serve as advisors to the task force, as well as the staff of the professional sec. Zinda’s appointment for the task force was announced in February.
“The Crypto task force exhibits a deep experience and an enthusiastic commitment to identify, with the help of other talented personnel throughout the commission and interested members of the public, viable solutions to difficult cryptographic regulatory problems,” said Commissioner Hester Peirce, leader of the task force, in a Monday statement.
