Trump Appoints Pro-Crypto Michael Selig to Lead CFTC in Push for U.S. Digital Asset Dominance
President Donald Trump has named Michael Selig, a seasoned digital asset regulator and current chief advisor of the SEC's Crypto Task Force, as chair of the Commodity Futures Trading Commission. The October 25 appointment signals a strategic move to position America as the global hub for cryptocurrency innovation.
Selig brings DEEP expertise in financial market regulation from his work with SEC chairman Paul Atkins, particularly on cases involving financial technology and investor protections. His selection reflects the administration's commitment to modernizing financial oversight frameworks for the digital age.
The leadership change at the CFTC forms part of a broader coordinated effort involving multiple regulatory agencies and legislative reforms. The initiative aims to attract cryptocurrency businesses and investment capital to U.S. markets through clearer regulatory pathways.
