
President Trump nominates Michael Selig, a crypto supporter and SEC advisor, to chair the CFTC, a pivotal role in shaping U.S. digital asset regulations.
President Donald Trump has nominated Michael Selig, a pro-crypto advocate, to chair the Commodity Futures Trading Commission (CFTC). Selig's extensive background includes serving as chief counsel for the SEC Crypto Task Force and advising the SEC. His nomination comes as the CFTC is poised to gain expanded oversight of crypto markets. The move is seen as a potential turning point for clearer crypto regulations in the U.S.