Trump Nominates Pro-Crypto Michael Selig as CFTC Chairman
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Key Highlights U.S. President Donald Trump has reportedly nominated Michael Selig to be appointed as the new chairman of CFTC This is Trump’s second appointment after his first pick, Brian Quintenz, was opposed by Gemini co-founders Tyler and Cameron Winklevoss over past disputes. Michael Selig’s nomination still requires approval from the U.S. Senate, which could happen in early 2026. According to the latest report, U.S. President Donald Trump has picked Michael Selig to be the new chairman of the Commodity Futures Trading Commission (CFTC). We confidently support the nomination of Michael Selig as CFTC Chair. This is a critical era for crypto policy and @MikeSeligEsq is prepared to lead @CFTC from day one with a strong understanding of crypto’s potential to position the U.S. as a financial leader for generations. pic.twitter.com/1AWbBRi6oc — The Digital Chamber (@DigitalChamber) October 24, 2025 The CFTC is a U.S. government agency that watches over futures, swaps, and now more digital currencies like cryptocurrencies. However, Trump’s nomination of Selig for the CFTC’s chair position requires approval from the U.S. Senate, which could happen in early 2026. If approved, Selig will replace Acting Chair Caroline Pham, who has led the agency since 2024. This is Trump’s second pick for the CFTC’s chair position after his first pick, Brian Quintenz, was blocked by opposition from Gemini co-founders Tyler and Cameron Winklevoss over past disputes. Who is Michael Selig? Michael Selig is a lawyer with deep knowledge in finance and crypto. He is the top legal advisor as chief counsel for the Securities and Exchange Commission’s (SEC) Crypto Task Force. This group, dedicated to the crypto sector, helps lawmakers develop a regulatory framework for digital assets. Michael Selig grew up in New York and studied law at top schools. He started his career interning at the CFTC in 2010…
Filed under: News - @ October 25, 2025 12:25 am