Pro-Bitcoin Michael Selig officially sworn in to lead CFTC
Pro-Bitcoin advocate Michael Selig has been sworn in as the new chairman of the CFTC.Summary
Michael Selig, known for his pro-Bitcoin and digital asset stance, has officially been sworn in as the chairman of the Commodity Futures Trading Commission (CFTC) following Senate confirmation. Selig stated that the CFTC is entering a period of significant transformation due to rising retail participation and novel financial products. He emphasized that the agency will take on an expanded role in setting practical regulatory standards for digital asset markets while ensuring the stability of US derivatives markets. Selig expressed gratitude for the opportunity to lead during this pivotal time, noting that Congress is preparing digital asset legislation that could cement the U.S. as the "Crypto Capital of the World." With a strong pro-crypto background, including prior roles at the SEC's Crypto Task Force, Selig is expected to bring a clarity-first approach to regulating digital assets as the CFTC expands its authority.
(Source：Crypto Briefing)