White House Officially Taps Mike Selig As CFTC Chair – Inside the Shake-Up After Quintenz
U.S. President Donald Trump has nominated Mike Selig, formerly the chief counsel of the SEC's crypto Task Force, to lead the Commodity Futures Trading Commission. Selig's appointment follows the stalled nomination of Brian Quintenz, who faced opposition from Gemini co-founders Cameron and Tyler Winklevoss.
In a statement on X, Selig expressed his commitment to fostering innovation in commodity markets and positioning the U.S. as the global leader in cryptocurrency. "With the President’s leadership, a Great Golden Age for America’s Financial Markets and a Wealth of New Opportunities stand before us," he said.
The MOVE signals a potential shift in regulatory priorities, with Selig pledging to promote competition and innovation in crypto markets. His background at the SEC's crypto Task Force suggests a focus on balancing oversight with industry growth.
