Michael Selig confirms CFTC nomination as agency faces leadership void
SEC official Michael Selig confirmed his nomination by President Trump to chair the CFTC amid an agency leadership shortage.Summary
US Securities and Exchange Commission (SEC) official Michael Selig confirmed that President Donald Trump nominated him to chair the Commodity Futures Trading Commission (CFTC), aiming to establish the US as a "crypto capital." This nomination, which requires Senate approval, comes as the CFTC operates with several open seats, particularly following the intended departure of acting Chair Caroline Pham after her replacement is confirmed. Selig's nomination follows the withdrawal of Brian Quintenz, reportedly after concerns from Gemini co-founders regarding enforcement policies. Former CFTC Chair Chris Giarcarlo noted that rulemaking required under the CLARITY Act would be difficult for the agency to implement without a full commission, emphasizing the need for confirmed leadership to proceed with business, including pending legislation.
(Source：Cointelegraph)