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Trump taps crypto regulator Mike Selig to run CFTC after pulling nominee

Michael Selig, nominated to lead the Commodity Futures Trading Commission, will influence U.S. crypto regulations amid legislative efforts to expand oversight of digital asset transactions.

  • On Oct. 25, 2025, President Donald Trump chose Michael Selig to lead the Commodity Futures Trading Commission, confirming reports he was the frontrunner in early October.
  • Legislative efforts consider the Commodity Futures Trading Commission as a leading digital-asset regulator, with the U.S. House passing the Digital Asset Market Clarity Act while the U.S. Senate still works on its version.
  • Selig, who worked on the SEC's crypto effort, was `honored` to be nominated on X, with Ji Kim and Summer Mersinger praising his regulatory experience and balanced approach.
  • Confirmation will require U.S. Senate approval, a hurdle Quintenz failed to clear, while Gemini CEO Tyler Winklevoss publicly opposed prior nominees and the industry is shifting toward Selig.
  • If Congress gives the CFTC hands-on authority over spot trading, it would cover most digital-asset transactions in bitcoin and Ethereum's ether, reflecting the CFTC's long engagement and recent ex-officials' crypto roles.
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TokenPost broke the news in on Friday, October 24, 2025.
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