President Donald Trump has nominated lawyer and crypto adviser Michael Selig to chair the Commodity Futures Trading Commission.
Selig currently serves as Chief Counsel for the US Securities and Exchange Commission Crypto Task Force and is an adviser to the regulator’s chair Paul Atkins.
If Selig is approved by the Senate he will take the reins of the commodities regulator amid growing controversy around Commodity Futures Trading Commission-regulated prediction markets, and just as it prepares to take a formal role in the regulation of crypto markets.
Bloomberg was first to report news of the nomination, with White House Artificial Intelligence and Crypto Czar David Sacks confirming it via a post on X.
