Trump's CFTC Pick, Mike Selig, Clears Hurdle on Way Toward Confirmation Vote
Mike Selig, Trump's nominee for CFTC chairman, advanced past the Senate Agriculture Committee toward a final confirmation vote.Summary
One day after his confirmation hearing, the Senate Agriculture Committee voted to advance Mike Selig, President Donald Trump's nominee for Chairman of the U.S. Commodity Futures Trading Commission (CFTC), moving him closer to a final confirmation vote by the full Senate. Selig, currently a senior official working on crypto policy at the Securities and Exchange Commission (SEC), is expected to lead U.S. oversight of much of the digital assets sector if confirmed, especially as Congress considers expanding the agency's authority. Committee Chairman John Boozman supported Selig, emphasizing the need for strong leadership to balance new policies. Selig was Trump's second choice after the nomination of Brian Quintenz was dropped following criticism from Gemini CEO Tyler Winklevoss. Selig has been involved in the SEC's Project Crypto and stated that establishing appropriate digital asset policies will be a "critical mission" at the CFTC, a development welcomed by industry advocates.
(Source：CoinDesk)