A Major Turning Point for Crypto in the United States
The U.S. Senate has officially confirmed crypto-friendly lawyer Mike Selig as Chair of the Commodity Futures Trading Commission (CFTC). The decision was approved by a vote of 53–43, and his term will run through 2029.
Mike Selig is known as a regulator who holds a balanced and positive stance toward innovation, technology, and the crypto industry. His appointment is a clear signal that thinking around cryptocurrencies and blockchain technology in the United States is shifting, moving away from strict restrictions toward a more constructive and well-defined regulatory framework.
At the same time, the appointment of Travis Hill as Chair of the FDIC is also being seen as a sign of a broader policy shift within the financial system.
Overall, these developments send a positive message for the crypto market, blockchain startups, and the future of digital finance.
