Trump Plans to Tap Michael Selig as CFTC Chair, Signaling Push for Crypto Regulatory Clarity
President Donald Trump intends to nominate Michael Selig, currently chief counsel for the SEC's crypto task force, to lead the Commodity Futures Trading Commission. The move underscores the administration's effort to streamline oversight of digital assets as Congress debates broader market structure legislation.
Selig has focused on harmonizing SEC and CFTC approaches to crypto regulation during his tenure as a senior aide to SEC Chairman Paul Atkins. His background includes private practice at Willkie Farr & Gallagher, where he advised asset managers on derivatives and financial regulation.
The CFTC's role has expanded significantly as it oversees increasingly complex crypto derivatives markets. Selig's nomination follows Trump's unsuccessful attempt to install Brian Quintenz, a16z crypto's policy head, amid industry pushback.
