The post New CFTC chair Selig inherits Pham’s crypto pilots as Congress eyes DA rules appeared on BitcoinEthereumNews.com.

Michael Selig, ex‑SEC Crypto Task Force counsel, becomes the 16th CFTC chair as Caroline Pham departs for MoonPay, inheriting crypto pilots and looming DA legislation. Summary Selig, a former SEC Crypto Task Force and PWG advisor, is sworn in as 16th CFTC chair just as Congress prepares digital asset market structure legislation.​ Pham’s tenure brought crypto pilots, expanded spot trading, automated surveillance and no‑action relief for prediction markets before she left to join MoonPay.​ Selig pledges to keep derivatives markets stable while tackling new tech, L2‑style platforms and retail participation, positioning the CFTC at the core of U.S. crypto policy. Michael Selig was sworn in Sunday as the 16th chairman of the Commodity Futures Trading Commission, assuming control of the derivatives regulator as acting chair Caroline Pham departed after nearly four years at the agency. Michael Selig sworn into US agency CFTC Selig, confirmed by the Senate on December 18, previously served as chief counsel of the Securities and Exchange Commission’s Crypto Task Force and senior advisor to SEC Chairman Paul Atkins. The appointment positions him to lead the agency during a period of technological transformation and potential congressional action on digital asset legislation, according to his swearing-in statement. Pham’s tenure as acting chair included multiple regulatory initiatives for crypto markets. The CFTC launched the Crypto Sprint in January, implementing recommendations from the President’s Working Group on Digital Asset Markets. The initiatives resulted in spot crypto trading on CFTC-registered futures exchanges and a digital asset markets pilot program permitting Bitcoin, Ether, and USDC as collateral. “It has been the honor of a lifetime to lead the CFTC during such a historic moment for market structure and innovation,” Pham stated in her departure announcement. “I am incredibly proud of the CFTC and all its dedicated staff for their hard work and…

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Filed under: News - @ December 23, 2025 12:25 pm