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Michael selig
SEC Says It Will Appeal XRP Ruling in Case Against Ripple
The U.S. Securities and Exchange Commission (SEC) will file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP. Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, discusses the filing and the potential outcomes.
Legal Expert Reacts to SEC Gearing Up to Appeal XRP Ruling in Case Against Ripple
Michael Selig, counsel at law firm Willkie Farr & Gallagher LLP, dives into the intricacies of the SEC planning to file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, according to a court filing on Wednesday. A federal judge ruled last month that while Ripple's direct sales of XRP to institutional investors violated securities law, its programmatic sales to retail investors through exchanges did not.
Crypto Exchanges Pile in to List Ripple's XRP Token After Court Ruling
Crypto exchanges are piling in to list Ripple's XRP token on their platforms after a court ruled the sale of the tokens on exchanges and through algorithms did not constitute investment contracts. "The court very elegantly distinguishes between sales where purchasers are really buying a commodity, a good, and those sales where there's more promises and commitments made," said Michael Selig, counsel at Willkie Farr & Gallagher LLP.
Legal Experts Weigh in on Ripple's Partial Victory in SEC Court Fight Over XRP
Ripple scored a partial win in its fight with the U.S. Securities and Exchange Commission (SEC) after a court ruling that brought a little bit of regulatory clarity for the crypto industry. Willkie Farr & Gallagher LLP Counsel Michael Selig along with INX advisor and former SEC attorney Alex Damsker share their respective insights into the legal judgement. Plus, their thoughts on bail for former Celsius CEO Alex Mashinsky being set at $40 million by a judge after he was arrested Thursday on charges of fraud.
2023 Crypto Regulation Predictions
Willkie Farr & Gallagher LLP counsel Michael Selig discusses the state of crypto regulation in 2022 and details of his opinion piece on CoinDesk titled "2023: The Year of Regulation vs. Decentralization." Plus, insights on the tension between the CFTC and SEC over crypto jurisdiction. And he explains why regulators cracking down celebrity endorsements of crypto could seem like publicity stunts.