According to Crypto In America, the White House has officially announced that Mike Selig, the chief counsel of the Securities Exchange Commission's (SEC) cryptocurrency task force, has been nominated to chair the Commodity Futures Trading Commission (CFTC).
The selection comes at a critical time for cryptocurrency policy in Washington, as members of the Senate intensify efforts to pass market structure legislation that would give the Commodity Futures Trading Commission broader regulatory authority over digital assets. The industry has long been eager for a cryptocurrency-savvy leader to lead the agency, and dozens of industry insiders expressed their support over the weekend via X.
The Senate Agriculture Committee is negotiating a date for Selig's confirmation hearing, while the White House is considering potential candidates to rebuild the current five-member committee, which is currently led by acting chairwoman Caroline Pham alone.
The White House has appointed Mike Selig as chairperson of the Commodity Futures Trading Commission
2025-10-27 12:01:05
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