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Michael Selig’s Nomination to Lead CFTC Signals Shift in Crypto Regulation

Michael Selig’s Nomination to Lead CFTC Signals Shift in Crypto Regulation

Author:

Global Cryptocurrency

Published:

2025-10-27 20:44:02

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BTCCSquare news:

President Donald Trump has nominated Michael Selig to chair the Commodity Futures Trading Commission, marking a pivotal moment for U.S. crypto oversight. The move aims to address regulatory gaps as the CFTC operates with a depleted leadership team amid ongoing government disruptions.

Former CFTC Chair Giancarlo emphasizes the urgency of confirming a full commission to implement the CLARITY Act effectively. Selig’s appointment could accelerate rulemaking for digital assets, though Senate approval remains a hurdle.

The withdrawal of Brian Quintenz’s nomination following industry pushback underscores the delicate balance between innovation and oversight. Market participants await clarity on how Selig’s approach will differ from his predecessors.

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