Reported 2 days ago
Michael Selig has emerged as a key candidate for the Commodity Futures Trading Commission (CFTC) under President Trump, representing a shift toward a more structured regulatory approach for cryptocurrencies. Currently serving as Chief Counsel of the SEC’s Crypto Task Force, Selig advocates for tailored regulations and clearer guidance in the digital asset space. His nomination comes after a tumultuous selection process and aims to provide clarity in U.S. crypto oversight by positioning the CFTC as the primary regulator over spot crypto trading, while delineating the SEC’s role regarding securities-related instruments.
Source: YAHOO