In a move that has drawn strong attention from financial markets and the digital asset sector, U.S. President Donald Trump has officially nominated Mike Selig, a legal expert in cryptocurrency regulation, to serve as the next Chair of the Commodity Futures Trading Commission (CFTC) — the federal agency responsible for overseeing derivatives and futures markets in the United States.
The nomination is being viewed as one of the most significant steps in shaping the administration’s policy toward the digital assets industry. Selig, who previously worked at the U.S. Treasury Department and as a legal advisor specializing in fintech and blockchain law, brings extensive experience in both traditional finance and crypto regulation.
Analysts believe this move could signal a positive shift in the U.S. government’s relationship with the cryptocurrency market, as Selig is known for advocating for clear and balanced regulatory frameworks that encourage innovation while maintaining investor protection.
According to Politico, the nomination aligns with Trump’s broader strategy to reform key financial agencies, aiming to promote growth and innovation while maintaining oversight and market stability.
However, some lawmakers and regulatory experts have voiced concerns that the nomination might face resistance in Congress, especially among members pushing for stricter oversight of digital asset platforms after several high-profile fraud cases in recent years.
Supporters, on the other hand, argue that appointing someone with Selig’s balanced background in both technology and law could restore confidence in U.S. crypto markets and provide much-needed clarity for institutional investors.
The nomination will now move to the Senate for confirmation in the coming weeks, as the crypto industry closely watches whether this decision will translate into real policy action that fosters innovation — or remain a symbolic political gesture from the White House.
🔗 News source : https://www.politico.com/news/2025/10/25/trump-mike-selig-cftc-00621525
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