The new working lawyer of the working group on freshly created cryptography of Securities and Exchange Commission (SEC) is a crypto lawyer.
Michael Selig, who was appointed head of the working group in an announcement on Monday of the SEC Monday, was previously a newspaper based in New York at the White-Shoe-Shoe-Willkie Farr & Gallagher law firm, where he was a member of the cryptographic practice of the cabinet. Before joining Willkie, Selig interned for the Commodity Futures Trading Commission (CFTC).
In a Monday X Post, the former president of the CFTC, Chris Giancarlo, affectionately known as “cryptodad” by many in the industry, congratulated Selig for his appointment. Giancarlo is also a main lawyer at Wilkie Farr, where he directs the practice of digital work of the company.
“Proud and excited for my protégé, the former trainee of the CFTC and partner of Willkie, Mike Selig, will be appointed chief advisor to the new working group of the dry crypto,” wrote Giancarlo.
Last October, Selig wrote an editorial for Coindesk exposing his suggestions on how the dry could move away from the so-called “application regulations” that the agency practiced under former president Gary Gensler and create a regulatory environment that encourages innovation. Several of Selig’s suggestions – including the cancellation of the controversial staff accounting bulletin and the withdrawal of certain proceedings – have already been implemented by the new working group on the crypto.
Selig was one of the 14 staff members appointed during the announcement on Monday. His colleagues include several natives of cryptographic industry – Landon Zinda, former political director of Crypto Think Tank Coin Center, and Veronica Reynolds, a former Baker Hostetler LLP lawyer focused on NFT and the legal problems linked to Metaversse, who will both be used for senior advisers of Grande -Travail – as well as career staff. The appointment of Zinda to the working group was announced in February.
“The crypto working group presents in -depth expertise and an enthusiastic commitment to identify – with the help of other talented employees through the Commission and the members of the public – solutions achievable to difficult cryptographic regulation problems,” said Commissioner Hester Peirce, the head of the working group, in a press release on Monday.
