"SEC's Crypto Task Force: Veteran Lawyer Selig Joins, Giancarlo Praises"
1min read The U.S. Securities and Exchange Commission (SEC) has assembled a new Crypto task Force, with a notable addition being Michael Selig, a former crypto lawyer from a prominent international law firm. Selig, who was named chief counsel of the task force, brings extensive experience in the crypto industry, having previously worked at Willkie Farr & Gallagher, where he was a member of the firm's crypto practice.
Selig's appointment was praised by former CFTC Chairman Chris Giancarlo, who is also senior counsel at Wilkie Farr. In a social media post, Giancarlo expressed pride and excitement for Selig's new role, highlighting his former internship at the CFTC. Selig has previously advocated for a regulatory environment that encourages innovation in the crypto sector, and several of his suggestions have already been implemented by the new task force.
The Crypto Task Force comprises 14 staff members, including industry natives such as Landon Zinda, former policy director at Coin Center, and Veronica Reynolds, a former attorney at Baker Hostetler LLP focused on NFTs and metaverse-related legal issues. These individuals will serve as senior advisors to the task force, alongside career SEC staff. Commissioner Hester Peirce, the leader of the task force, expressed confidence in the team's expertise and commitment to finding workable solutions to crypto regulatory challenges.
