Trump Nominates Michael Selig for CFTC Chair Amid Crypto Regulatory Shifts
President Donald Trump is poised to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), signaling potential changes in digital asset oversight. Selig, currently chief counsel to the SEC's crypto task force, brings a pro-crypto reputation and deep regulatory experience to the role. His appointment follows the withdrawal of Brian Quintenz's candidacy after opposition from industry figures like the Winklevoss twins.
The move could foster stronger collaboration between the CFTC and SEC on cryptocurrency regulation. Selig's background at the SEC, where he worked closely with Chair Paul Atkins, positions him to bridge the gap between the two agencies. Market observers anticipate this leadership change may bring more cohesive oversight to the rapidly evolving crypto sector.
