Key Takeaways
- President Trump has appointed Michael Selig as the brand new chair of the CFTC, signaling a pro-crypto stance.
- The appointment comes at a time when the crypto business is experiencing important development and seeks regulatory readability.
Share this text
President Trump has appointed Michael Selig as chair of the Commodity Futures Buying and selling Fee (CFTC), the US company chargeable for overseeing derivatives markets, together with crypto futures, in accordance with a Bloomberg report.
Selig, who beforehand served as chief counsel for the SEC’s crypto activity power and as an aide to SEC Chair Paul Atkins, has labored to align regulatory approaches between the SEC and CFTC throughout conventional finance and digital property.
Selig will now lead the fee throughout a pivotal section for the crypto business, as markets develop underneath rising frameworks geared toward fostering innovation and market liquidity. His appointment displays Trump’s said precedence of integrating digital property into US monetary coverage whereas sustaining regulatory readability.
