Mike Selig Appointed as New CFTC Chair Amid Crypto Focus
Mike Selig, former chief counsel of the SEC's crypto Task Force, has been appointed as Chair of the Commodity Futures Trading Commission by President Donald Trump. The move signals a strategic shift in U.S. crypto regulation, with Selig's expertise expected to shape the CFTC's approach to digital assets.
"Honored to take on this role," Selig stated on social media, framing his appointment as the dawn of a "Great Golden Age for America's Financial Markets." His tenure at the SEC's crypto division positions him to strengthen the U.S. position in global cryptocurrency markets.
The appointment follows the withdrawal of Brian Quintenz's nomination, which faced opposition from industry figures including the Winklevoss twins. Market observers anticipate Selig's leadership will bring regulatory clarity to crypto derivatives and commodity-linked digital assets.
