President Trump taps Michael Selig to lead CFTC amid push for crypto oversight: Bloomberg
President Trump nominated Michael Selig, an SEC Crypto Task Force counsel, to lead the CFTC amidst growing calls for digital asset oversight.Summary
President Donald Trump has nominated Michael Selig to chair the Commodity Futures Trading Commission (CFTC), according to a Bloomberg report. Selig currently serves as chief counsel for the Securities and Exchange Commission's Crypto Task Force and previously worked at the law firm Willkie Farr & Gallagher specializing in crypto. His confirmation by the Senate would place him at the helm of the agency during a critical period when lawmakers are actively seeking to grant the CFTC broader regulatory authority over digital assets. This nomination follows the withdrawal of the previous nominee, Brian Quintenz, whose process faced complications, including concerns raised by Gemini's Tyler and Cameron Winklevoss. Industry figures, such as Amanda Tuminelli of the DeFi Education Fund and Jake Chervinsky of the Variant Fund, have expressed strong support for Selig, praising his expertise, understanding of innovation, and legal acumen.
(Source：The Block)