Mike Selig, a crypto lawyer and former CFTC regulator, breaks down the current state of crypto regulation. He discusses the SEC's aggressive actions, including the crackdown on staking services like Kraken and the scrutiny of stablecoins such as BUSD. Selig highlights the tension between regulation and innovation, emphasizing the urgency for decentralization. He also examines the impact of these policies on the future of cryptocurrency and the banking industry’s evolving role in servicing crypto businesses.

Join Paul Grewal, Chief Legal Officer at Coinbase, and Mike Selig, Counsel at Wilkie Farr & Gallagher, as they delve into a landmark U.S. court ruling declaring XRP is not a security. They discuss the ruling's implications for other cryptocurrencies and celebrate a hopeful shift in regulatory oversight. The duo examines the SEC's diminishing influence, the potential for broad legal precedents affecting token holders, and the need for clearer regulations in the evolving crypto landscape.

Mike Selig, a crypto lawyer and former CFTC regulator, dives into the intricacies of securities laws as they relate to cryptocurrency. He discusses what defines 'investment contracts' and why clarity is essential for compliance. The conversation also explores the challenges of navigating regulations in an evolving crypto landscape, the tension between SEC and CFTC approaches, and how decentralization is influencing regulatory frameworks. Selig shares insights on the future of regulation and the need for tailored solutions in this rapidly changing industry.

In this engaging discussion, Mike Selig, a partner at Willkie Farr & Gallagher who specializes in crypto law, and Jake Chervinsky, Chief Legal Officer at Variant, share their insights on the impending regulatory changes under SEC Chair Paul Atkins. They explore the potential easing of aggressive enforcement strategies and how this might foster innovation in the crypto space. The duo also delves into the future of significant court cases, potential settlements, and the collaboration between the SEC and CFTC, highlighting a pivotal time for cryptocurrency regulation.

Mike Selig, counsel at Willkie Farr & Gallagher, dives into the mounting regulatory pressures facing crypto in the U.S. He highlights the SEC's aggressive stance under Gary Gensler, particularly in light of cases like Kraken and Paxos. Selig raises concerns about potential coordinated efforts to regulate the industry out of existence, especially regarding stablecoins. He also discusses how the SEC’s recent rules could redefine custody practices, emphasizing the delicate balance between regulation and innovation in the crypto landscape.