Michael Selig, Trump’s nominee with crypto policy expertise, moves to the final confirmation stage to chair the CFTC amid potential expansion of its digital asset oversight powers.
Michael Selig, senior SEC official specializing in crypto policy, has advanced to the final Senate vote to become chairman of the Commodity Futures Trading Commission. The Senate Agriculture Committee approved his nomination just one day after his hearing. If confirmed, he will oversee much of the U.S. digital asset sector, as Congress considers expanding the CFTC’s authority. Selig was nominated after Trump withdrew Brian Quintenz due to industry criticism. He previously led Project Crypto at the SEC. Industry leaders, including Digital Chamber CEO Cody Carbone, praised his potential appointment as a positive move for market structure debates.