Mike Selig Takes Charge as CFTC Chair; David Sacks Praises
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Key Highlights David Sacks has welcomed the appointment of David Sacks as CFTC chair at a critical juncture for digital assets Mike Selig has officially taken charge of the agency, previously working at the SEC Crypto Task Force David Sacks, Trump’s Crypto and AI Czar, has welcomed the appointment of a new chairman of the Commodity Futures Trading Commission, when the digital assets sector is at a critical juncture. Extraordinarily excited to have the leadership of @MichaelSelig as Chair of CFTC at this critical juncture for digital assets. Along with SEC Chair @SECPaulSAtkins, President Trump has created a dream team to define clear regulatory guidelines for the 21st century. https://t.co/HqeFnFSJcH — David Sacks (@davidsacks47) December 22, 2025 Who is Mike Selig, CFTC’s New Chair? Michael Selig, or Mike Selig, was confirmed by the U.S. Senate on December 18 as the new Chairman of the CFTC, which is the successor to the Acting Chair Caroline Pham. The cryptocurrency community is viewing Mike Selig’s appointment as a bullish update, as he could help lawmakers form crypto-friendly regulations at the agency. At CFTC, he will see derivatives markets and is expected to expand its role in digital assets. For those who do not know about him, Mike Selig has experience in financial regulation and the cryptocurrency market. He started his career as a law clerk to former CFTC Commissioner J. Christopher Giancarlo, known as “Crypto Dad” for his pro-crypto stance. After the U.S. President started his second tenure, Mike Selig returned to government as Chief Counsel to the Securities and Exchange Commission (SEC) Crypto Task Force. There, he was working as a senior advisor to SEC Chairman Paul Atkins, helping the agency to create regulatory guidelines for the cryptocurrency sector. He has advocated for principles-based regulations that promote innovation while protecting markets, highlighted…
Filed under: News - @ December 22, 2025 7:27 pm