“Trump Reportedly Set to Nominate SEC’s Pro-Crypto Counsel Michael Selig as CFTC Chair”
U.S. President Donald Trump is reportedly planning to nominate Michael Selig, senior adviser to U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins and head counsel for the SEC’s crypto task force, as the next Commodity Futures Trading Commission (CFTC) Chair — a move widely seen as favourable for the digital asset industry.
Key Takeaways
President Trump is expected to nominate Selig as CFTC Chair, according to Bloomberg. �
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Selig, a “pro-crypto” policy figure, currently serves as senior adviser and chief counsel to the SEC’s crypto task force. �
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The nomination follows Trump’s decision to withdraw former nominee Brian Quintenz’s candidacy in September. �
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The appointment could shift crypto oversight more decisively toward the CFTC under Trump’s Working Group on Digital Assets framework. �
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Selig’s Nomination Marks Shift Toward Pro-Crypto Regulation
The reported nomination comes as the Trump Administration redefines its approach to digital asset regulation. �
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Selig has been described by analysts and crypto-community figures as “pro-crypto”, with past roles supporting digital asset innovation and balanced oversight. �
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As chief counsel for the SEC’s crypto task force, Selig has played a key role in internal policy coordination and enforcement guidance related to token classification and exchange supervision. �
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Disclaimer: Includes third-party opinions. Not financial advice. �
