Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report

US President Donald Trump is reportedly planning to nominate Michael Selig, the Securities and Exchange Commission's (SEC) crypto task force chief counsel and senior adviser to Chair Paul Atkins, as the next chair of the Commodity Futures Trading Commission (CFTC). This move follows the withdrawal of the previous nominee, Brian Quintenz, in September. Selig is viewed positively by some in the crypto community, who consider him "pro-crypto." The CFTC nomination is significant as the agency is expected to share oversight of digital assets with the SEC, based on recommendations from Trump’s Working Group on Digital Assets. This group suggested the CFTC should oversee spot crypto markets, classifying most cryptocurrencies as commodities, while the SEC retains jurisdiction over assets deemed securities.

(Source：Cointelegraph)