US Senate Confirms Crypto-Friendly Lawyer Mike Selig As New CFTC Chair

New reports reveal that United States President Donald Trump has picked pro-crypto Michael Selig as the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s role involves overseeing the futures, options, and crypto markets, ensuring these industries operate fairly and transparently while protecting participants from fraud and manipulation. With Selig being a widely recognized crypto supporter, this move by Trump could significantly impact the regulatory landscape of digital assets.  Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions....

The newly appointed Chair of the Commodity Futures Trading Commission (CFTC), Mike Selig, has signaled that the United States is close to introducing a regulatory framework that would allow crypto perpetual futures to trade onshore.  The move, if finalized in the coming weeks as suggested, could reshape the digital asset derivatives market and potentially create a significant opportunity for Hyperliquid (HYPE), one of the fastest-growing platforms in the perpetuals segment. CFTC’s Plan To Bring Crypto Perps Back To The US Speaking Tuesday at the Milken Institute’s Future of Finance....

Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), announced on Tuesday the launch of an Innovation Task Force to provide clearer regulatory guidance to firms developing crypto, blockchain, and artificial intelligence (AI) products in the US derivatives markets.  New CFTC Initiative  According to the agency’s release, the newly established task force will work […]

US President Donald Trump has selected Michael Selig to lead the Commodity Futures Trading Commission (CFTC) in a major development on Friday. This move adds to the long list of positive actions by the Trump administration targeted at providing regulatory clarity for the crypto industry. Related Reading: Solana Staking ETF Moves Closer To SEC Approval […]

Gensler's confirmation comes almost three months after President Joe Biden first announced he was his pick for the SEC. Voting mostly along party lines, the U.S. Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC.In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission. Gensler, a professor at the MIT Sloan School of Management, volunteered to join then President-elect Joe Biden’s team as a financial expert in November.....