The post CFTC Chairman Michael Selig Signals Crypto Clarity appeared on BitcoinEthereumNews.com.

With Michael Selig sworn in as the new cftc chairman, Washington sends a clear signal that crypto regulation may soon take a more structured and predictable turn. Selig confirmed to lead the CFTC The U.S. Senate has confirmed Michael Selig as the new chairman of the Commodity Futures Trading Commission in a closely watched vote. On the floor, senators approved his nomination by a 53–43 margin, putting a pro-crypto legal expert in charge of one of America’s most influential financial regulators. Moreover, Selig’s arrival at the CFTC marks a significant change in U.S. crypto oversight, as he has previously argued for clear distinctions between digital assets and the transactions built around them. His confirmation is already drawing intense interest from the XRP community and broader crypto markets. Selig’s 2023 comments on XRP and securities law In 2023, following Judge Analisa Torres‘ landmark ruling in the Ripple case, Selig publicly weighed in on the legal nature of XRP. He stated that XRP is “just code, like gold or whiskey,” stressing that the token itself should not automatically fall under securities laws, even if certain sales might. That said, Selig emphasized that XRP can still be sold in ways that bring it within the scope of securities regulation. He argued that while transactions may trigger securities law implications, the underlying token is not, by its nature, a security. This reasoning closely aligned with Ripple’s defense and the court’s interpretation in the high-profile dispute. He also pushed back on a widespread misreading of Judge Torres’ decision. “Continue to hear commentators saying Judge Torres held that XRP is a security when sold to institutions and not a security when sold to retail. This is incorrect. Judge Torres held that XRP itself is not a security, but it can be sold as part of a…

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Filed under: News - @ December 20, 2025 9:23 am