Trump has officially nominated Michael Selig to serve as the chairman of the U.S. Commodity Futures Trading Commission (CFTC).
📌 Why Michael Selig?
He is not a "layman" in regulation but is currently the chief legal advisor to the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group, well-versed in the complex landscape of cryptocurrency regulation.
He has extensive experience in the private sector and was a partner in the asset management business of a top law firm, known as "a pragmatic who understands both regulation and the market."
🚀 What signals does this move send?
This is widely seen as a clear action by the Trump administration to actively promote the regulated development of the cryptocurrency industry. Appointing an official well-versed in cryptocurrency to lead the CFTC suggests that U.S. cryptocurrency regulatory policy may enter a clearer and more coordinated new phase.
👀 What are we looking at next?
All eyes will be on the U.S. Senate—whether this significant nomination can ultimately be approved will be a key step in determining the future direction of U.S. crypto regulation.
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