The post Trump nominates Michael Selig as new CFTC chair – Details here! appeared on BitcoinEthereumNews.com.

Key Takeaways Why is Michael Selig’s nomination as CFTC chair significant for the crypto industry?  His appointment signals a more coordinated and crypto-friendly regulatory approach, aligning with efforts to expand CFTC oversight of digital assets. What broader shift does Selig’s nomination reflect in U.S. crypto regulation?  It highlights the Trump administration’s move toward integrating crypto into mainstream financial regulation and resolving jurisdictional conflicts between the SEC and CFTC. U.S. President Donald Trump has reportedly chosen Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), according to Bloomberg, citing an administration official. Selig currently serves as chief counsel for the CFTC’s crypto task force and has been working closely with SEC Chairman Paul Atkins. His appointment suggests a more coordinated and crypto-friendly approach to financial regulation under the Trump administration. Michael Selig, the new CFTC pick  Michael Selig, currently chief counsel for the SEC’s crypto task force, has played a key role in shaping digital asset policy to align with the SEC’s broader regulatory goals. His nomination to lead the CFTC comes at a critical time, as Washington finalizes a national crypto market structure framework that could expand the CFTC’s oversight of digital assets. This marks President Trump’s second attempt to appoint a CFTC chair, following the failed nomination of Brian Quintenz. Quintenz’s confirmation was declined due to Senate resistance, despite his role as global policy head at a16z Crypto and support from industry leaders, including opposition from Gemini co-founders Tyler and Cameron Winklevoss. Remarking on the same, Amanda Tuminelli, executive director of DeFi Education Fund, said in a statement,  “Mike Selig is a well-respected lawyer and industry expert. He understands the tech and the need to allow room for innovation, but also cares about getting to the right legal answer.” Echoing similar sentiments, Jake Chervinsky, chief…

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Filed under: News - @ October 25, 2025 8:26 am