Trump Appoints Pro-Crypto Lawyer Mike Selig to Lead the CFTC
President Donald TRUMP has appointed Mike Selig, a prominent pro-crypto legal expert, as the new Chair of the Commodity Futures Trading Commission (CFTC). This move underscores the administration's commitment to positioning the U.S. as a global leader in digital asset innovation.
Selig brings a wealth of experience, having served as Chief Counsel of the SEC’s crypto Task Force and worked under former CFTC Chairman Chris Giancarlo, a key advocate for blockchain technology. His appointment signals a push for regulatory modernization in the crypto derivatives market.
The WHITE House's AI and Crypto Czar, David Sacks, praised Selig's deep understanding of financial markets and his vision for updating regulatory frameworks. This leadership change comes amid broader efforts to clarify digital asset oversight in the U.S.
