Catenaa, Monday, October 27, 2025-President Donald Trump nominated Michael Selig to chair the Commodity Futures Trading Commission, a move that could shape the future of U.S. cryptocurrency regulation, according to Bloomberg.
Selig, currently chief counsel for the Securities and Exchange Commission’s Crypto Task Force, will face Senate confirmation hearings in the coming weeks.
If approved, he would oversee the CFTC as Congress considers legislation granting the agency expanded oversight of digital assets.
Selig previously worked as a partner at Willkie Farr & Gallagher, focusing on crypto and financial technology. Industry observers describe him as a seasoned attorney who balances innovation with regulatory clarity.
Trump’s selection follows the withdrawal of former nominee Brian Quintenz, a policy executive at venture firm Andreessen Horowitz, whose nomination faltered amid conflict-of-interest concerns raised by crypto executives Cameron and Tyler Winklevoss.
Crypto industry leaders broadly welcomed Selig’s appointment, calling it a pragmatic choice at a crucial moment for the industry.
Analysts said the nomination signals the administration’s intent to consolidate crypto regulation under the CFTC, potentially streamlining oversight fragmented between multiple U.S. agencies.
If confirmed, Selig will assume leadership during an inflection point for crypto markets and regulation as policymakers weigh innovation against investor protection.
