Trump Nominates Michael Selig to Lead CFTC in Push for U.S. Crypto Dominance
President Donald Trump has nominated Michael Selig, a seasoned digital asset regulation expert, to chair the Commodity Futures Trading Commission. The move signals a strategic push to position the U.S. as the global hub for cryptocurrency innovation.
White House crypto czar David Sacks immediately endorsed the selection, praising Selig's dual expertise in traditional finance and blockchain markets. "His work on the SEC's crypto task force proves he understands both the technical and regulatory challenges," Sacks noted in a social media post.
Acting CFTC Chair Caroline Pham welcomed the nomination, highlighting Selig's institutional knowledge from his prior tenure at the commission during Chris Giancarlo's leadership. The appointment comes as the agency prepares to oversee an expanding universe of crypto derivatives and spot markets.
