TrumpCrypto

President Donald Trump is reportedly preparing to nominate Michael Selig to lead the Commodity Futures Trading Commission (CFTC), after withdrawing a previous nominee.

Selig currently works at the Securities and Exchange Commission (SEC) as senior adviser to SEC Chair Paul Atkins and serves as chief counsel for the agency’s crypto task force. Analysts and observers familiar with his work have described him as “pro-crypto,” and the prospect of his appointment has been welcomed by some in the crypto community.

This shift follows the administration’s decision in September to pull back former CFTC nominee Brian Quintenz after opposition from key crypto-industry players. Trump had previously shown interest in giving the CFTC expanded oversight over digital-asset markets, in part through guidance from the White House’s Working Group on Digital Assets.

Under that policy framework, the CFTC would oversee spot-crypto markets (treating many cryptocurrencies as commodities), while oversight of tokenized securities, for example tokenized versions of bonds or stocks, would remain with the SEC.

The SEC and CFTC have already begun coordinating more closely: they issued a joint statement aimed at clarifying how their regulatory efforts would align, and the CFTC initiated a so-called “crypto sprint” to move forward on White House recommendations. Although there has been speculation that the two agencies might merge, SEC Chair Atkins has dismissed that idea, noting that only Congress or the President could authorize a merger.

No formal announcement has yet been made confirming Selig’s nomination.
#TrumpCrypto #CFTC

Donald Trump’s pardon of Binance founder Changpeng “CZ” Zhao marks the clearest break yet from Washington's enforcement-first approach to crypto, and hints at a wholesale policy reset.
The decision comes as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) prepare new drafts that could finally define how digital assets are issued, traded, and settled under existing law. With Congress still gridlocked over competing market-structure bills, the administration appears ready to push reforms through executive and agency action alone.
From prosecution to policy
The White House framed the pardon as ending what it called the previous administration’s “war on cryptocurrency."
For industry leaders, it was the clearest signal yet that enforcement-heavy oversight is giving way to a more cooperative model. 
Regulators are being told to shift from prosecution to rulemaking, replacing crackdowns with compliance frameworks designed to integrate digital-asset markets into the broader financial system.
Draft rules under the Responsible Financial Innovation Act and the Clarity Act could open regulated exchange pathways by late 2026, allowing token listings under federal supervision for the first time.
Binance's early US return
The pardon could pave the way for Binance’s faster re-entry into the US market and shorten the Justice Department's monitorship imposed under its plea deal. However, a separate Treasury compliance program will remain in place unless formally lifted.

Binance reportedly spent nearly a year lobbying for clemency, hiring political strategist Ches McDowell to build its case. The campaign coincided with the exchange's growing financial links to Trump's World Liberty Financial venture, a partnership that has materially boosted the family's wealth since the election.

Following Wednesday's announcement, Binance’s native token BNB spiked from about $1,086 to $1,160 within 40 minutes, before easing back below $1,130.

What Comes Next
Even without congressional action, US agencies are now positioned to reshape the crypto regulatory map. The SEC and CFTC are coordinating on long-disputed jurisdictional boundaries, while the Genius Act, governing payment stablecoins, is set to take effect in 2026.

Together, these developments could yield the first fully regulated digital asset exchanges on US soil by late next year.

Trump’s clemency for Zhao functions as more than personal forgiveness: it's a symbolic amnesty for the industry itself, an invitation to rebuild under a new rulebook rather than fear the next subpoena.

#PardonCZ #TrumpCrypto #DonaldTrump

1. Vision: Making the US the Crypto Capital
* Core Goal: President Trump has publicly committed to making the United States the "crypto capital of the world."
* Regulatory Shift: His administration has moved to dismantle regulations imposed by the previous administration, framing those actions as a "war on crypto" and positioning his policies as pro-innovation and industry-friendly.
2. Pro-Crypto Policy Actions
* Stablecoin Regulation: He signed the GENIUS Act into law, which creates a dedicated regulatory framework for Stablecoins (digital currencies pegged to the US Dollar). This is seen as an effort to strengthen the USD's global position.
* Strategic Bitcoin Reserve: He issued an Executive Order to establish a US Strategic Bitcoin Reserve, directing the government to stockpile Bitcoin seized in legal cases. This legitimizes Bitcoin as a strategic national asset, comparing it to a "digital Fort Knox."
* Pardons: His pardon of key crypto figures, such as Binance founder CZ, signals a willingness to reverse previous enforcement actions against the industry.
3. Personal Crypto Ventures and Financial Interests
* Personal Tokens: President Trump has promoted his own crypto ventures, including the $Trump meme coin.
* Family Business: The Trump family, through the company World Liberty Financial (WLF), is heavily invested in crypto, having launched a stablecoin called $USD1 and another token, $WLFI.
* Conflict of Interest Concerns: Critics have raised concerns about a potential "conflict of interest" due to his simultaneous support for crypto-friendly legislation and his direct personal financial involvement in the sector.
$TRUMP
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