🤔 A New CFTC Chair: What Does It Mean for Crypto and BTC$BTC ?
Michael Selig has officially been sworn in as the new Chair of the U.S. Commodity Futures Trading Commission (CFTC), replacing Acting Chair Caroline Pham. Selig is widely seen as a supporter of clearer and more structured crypto BTC$BTC regulation.
He previously worked on digital asset policy and served as Chief Counsel to the SEC’s Crypto Task Force, giving him deep experience at the intersection of regulation and innovation.
In a statement following his swearing-in, Selig emphasized his intention to support innovation in areas such as cryptocurrency and blockchain, while avoiding “regulation by enforcement.”
Why this matters for crypto?
Signals a shift toward clearer, more predictable regulatory frameworks
Reduces uncertainty for crypto businesses and institutional players
Suggests a more collaborative approach between regulators and the crypto industry
Overall, Selig’s appointment is viewed as a potentially positive development for the crypto market, especially for projects seeking regulatory clarity and long-term growth in the U.S.
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