Trump Nominates Michael Selig for CFTC Chair Amid Crypto Policy Shifts
President Trump has replaced his initial nominee Brian Quintenz with Michael Selig for the chairmanship of the Commodity Futures Trading Commission (CFTC). Selig, currently chief counsel for the SEC's crypto task force, brings extensive experience in coordinating crypto regulations between the SEC and CFTC. His background includes a partnership at Willkie Farr & Gallagher, specializing in asset management. Senate confirmation awaits post-government shutdown.
The withdrawal of Quintenz's nomination followed direct lobbying by Tyler Winklevoss, who urged TRUMP to halt the confirmation. Public tensions escalated when Quintenz suggested the president had been "misled" by the Winklevoss twins, sharing private messages that revealed efforts to delay his nomination before the Senate Agriculture Committee paused the vote.
