Trump Considers Professional-Crypto Michael Selig As New CFTC Chair

US President Donald Trump is about to appoint pro-crypto Michael Selig as the subsequent chair of the Commodity Futures Buying and selling Fee (CFTC).

That’s based on a Bloomberg report that cited an unnamed Trump administration official. 

Selig is presently chief counsel on the Securities and Alternate Fee’s (SEC) crypto activity power and likewise a senior adviser to SEC Chair Paul Atkins. Some analysts and influencers within the crypto neighborhood have characterised him as crypto pleasant.

”@MikeSeligEsq is ready to steer @CFTC from day one with a robust understanding of crypto’s potential to place the U.S. as a monetary chief for generations,” The Digital Chamber stated in a put up on X.

We confidently help the nomination of Michael Selig as CFTC Chair. It is a crucial period for crypto coverage and @MikeSeligEsq is ready to steer @CFTC from day one with a robust understanding of crypto’s potential to place the U.S. as a monetary chief for generations. pic.twitter.com/1AWbBRi6oc

— The Digital Chamber (@DigitalChamber) October 24, 2025

Selig just isn’t the primary pro-crypto individual that Trump has nominated for key roles below his administration. At first of his second time period, he appointed David Sacks, who’s a former PayPal govt and distinguished crypto-industry investor, because the White Home’s AI and Crypto Czar.

A number of months later, Trump nominated Atkins, who is understood for extra industry-friendly positions on crypto, because the Chair of the SEC. His nomination acquired full Senate affirmation on April 9, and was sworn in because the company’s Chair on April 21. 

The report that Trump is contemplating Selig to steer the CFTC comes after the nomination of Brian Quintenz stalled in September after stress from Gemini co-founders Cameron and Tyler Winklevoss led to Trump withdrawing his nomination. 

Selig’s work expertise (Supply: Linkedin)

CFTC And SEC Collaborate To Understand Trump’s Crypto Capital Purpose

Whereas campaigning to be president, Trump promised to make the US the crypto capital of the world and stated he can be a “crypto President.”

He wasted no time delivering on the vow. Shortly after his inauguration in January, he established a working group on digital asset markets and signed an govt order to determine a US Strategic Bitcoin Reserve and a US Digital Asset Stockpile. 

In September, the SEC and CFTC began collaborating on crypto coverage, with the objective to create a regulatory framework that each protects traders and permits for innovation.

The companies issued a joint assertion asserting a proper initiative to harmonize their regulatory frameworks for digital belongings. On this assertion, the companies additionally outlined potential areas of coordination similar to aligning product definitions, reporting and information requirements, and probably establishing coordinated innovation exemptions below every company’s authority. 

It’s a brand new day. Onwards 🇺🇸🫡 #ProjectCrypto @SECPaulSAtkins @SECGov @CFTC @A1Policy pic.twitter.com/kChRm036Mg

— Caroline D. Pham (@CarolineDPham) July 31, 2025

Each the CFTC and SEC have additionally acted on suggestions from the White Home’s digital belongings working group on easy methods to regulate crypto. 

The group labeled most cryptocurrencies as commodities and really useful that the CFTC ought to have oversight over the spot crypto markets. Trump himself has mulled handing oversight of the crypto market to the CFTC. 

Performing on the working group’s suggestions, SEC Chair Atkins introduced “Undertaking Crypto,” which seeks to ease licensing necessities for crypto companies, amongst different issues.

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