🇺🇸 Michael Selig: New CFTC Chairman Takes Office Amidst Crypto Evolution

Michael Selig was sworn in on Monday as the 16th Chairman of the Commodity Futures Trading Commission (CFTC). He takes charge of the U.S. derivatives watchdog at a pivotal time, marked by expanding retail participation, rapid financial innovation, and upcoming digital asset legislation.

President Donald Trump nominated Selig in late October. His appointment was confirmed by the U.S. Senate last week, as announced by the agency.

Selig's arrival places a regulator with direct experience in digital asset policy at the helm of the CFTC. This is crucial given the evolving landscape of digital assets.