The Senate Committee on Agriculture, Nutrition, and Forestry has voted to advance Michael Selig’s nomination to be the new chair of the Commodity Futures Trading Commission (CFTC) – where he would oversee prediction markets.
Having received committee approval, Selig’s nomination is now set for a vote from the full Senate.
“This is a critical moment for the CFTC as Congress considers expanding the agency’s authority,” committee chair Sen. John Boozman said in a statement. “Strong leadership is essential to implement new policies and responsibilities. Michael Selig is the right person to strike that balance. I appreciate his willingness to serve and urge the Senate to swiftly confirm his nomination so the CFTC can benefit from his experience and expertise.”
