Trump Nominates CFTC Chair from Ranks of SEC

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In a move signaling a concerted push for crypto regulatory oversight, President Trump has nominated Michael Selig, a top attorney from the SEC’s Crypto Task Force, to chair the Commodity Futures Trading Commission (CFTC).

The selection aims to place a knowledgeable regulator in charge of the agency that lawmakers are preparing to empower as the primary watchdog for the digital asset industry.

Selig’s cross-agency experience is seen as a major asset, giving him insight into both the securities enforcement perspective of the SEC and the commodities-focused mandate of the CFTC.

His nomination follows the derailed candidacy of Brian Quintenz, a candidate from the private sector, suggesting a strategic shift towards choosing a regulator with existing government experience to navigate the complex political landscape.