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The U.S. Senate just confirmed Michael Selig as CFTC Chairman (53-43 vote) - and this is HUGE for crypto!
Why This Matters: ✅ Pro-#crypto Leader - Selig previously argued XRP is a commodity, NOT a security ✅ CFTC Over SEC - Wants clear rules: CFTC regulates spot crypto markets (not the anti-crypto SEC) ✅ Less Enforcement, More Clarity - Promises “principles-based regulation” instead of regulation-by-lawsuits
This could be the regulatory shift crypto has been waiting for. The CFTC is smaller (543 staff vs SEC’s 4,200) but WAY more crypto-friendly.
What Changes: Clearer rules for DeFi Less aggressive enforcement Better framework for exchanges Innovation-friendly approach
Trump’s crypto agenda is becoming reality. The CFTC will now lead crypto regulation in the U.S. Bullish for the entire market!
Glassnode reports that over 90% of the recent “shark accumulation” (100–1K $BTC cohort) is likely just internal wallet reshuffling by major custodians, not fresh buying from new holders. #BTCWhalesMoveToETH