CFTC Leadership Shift as Senate Confirms Mike Selig Amid Crypto Regulatory Push
The U.S. Senate confirmed Mike Selig as Chairman of the Commodity Futures Trading Commission (CFTC), positioning him to oversee expanding cryptocurrency oversight. The 53-43 vote advances President Trump’s regulatory appointments, including Travis Hill to lead the FDIC.
Selig succeeds Acting Chairman Caroline Pham, whose tenure saw aggressive crypto policy initiatives. His appointment coincides with anticipated Congressional action to grant the CFTC broader authority over digital assets.
Pham exits to join MoonPay as Chief Legal and Administrative Officer, while Selig brings SEC experience to shape crypto markets. The CFTC is poised to become the primary crypto regulator pending legislative approval.