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🇺🇸 U.S. Senate Confirms Pro-Crypto Michael Selig as CFTC Chairman 🏤
Washington has finalized a key leadership shift in U.S. market regulation. The U.S. Senate has confirmed Michael Selig as the 15th Chairman of the Commodity Futures Trading Commission (CFTC), ending nearly a year of interim leadership at the agency.
📌 Why It Matters
Selig’s confirmation comes at a critical time as Congress debates expanding the CFTC’s authority over crypto markets, potentially giving it primary oversight of spot crypto commodities.
👤 A Familiar Face at the CFTC
Selig began his career at the CFTC in 2014 and later advised trading firms, exchanges, and digital asset companies in private practice. Earlier this year, he returned to government as chief counsel to the SEC’s Crypto Task Force, placing him at the heart of U.S. crypto policy discussions.
He takes over from Caroline Pham, who served as acting chair through most of 2025.
⚖️ Regulatory Style: Firm but Focused
During his confirmation hearing, Selig signaled support for a lighter regulatory touch, warning that excessive enforcement over minor technical issues can drive innovation offshore. However, he stressed the CFTC must remain a “cop on the beat”, targeting fraud, manipulation, and real market harm.
🔗 Crypto Direction Ahead
Under recent leadership, the CFTC has:
Shifted focus to major fraud and retail harm
Reduced emphasis on paperwork violations
Launched pilots for tokenized collateral and spot crypto products
Pushed for clearer rules and stronger coordination with the SEC and Treasury
If new legislation passes, Selig could soon oversee a much broader crypto mandate, making his leadership pivotal for the future of U.S. digital asset regulation.
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Zooming into the 4H chart, BTC is forming a clear ascending triangle between $80K and $95K. This kind of structure often resolves upward, but only if volume and momentum support the breakout. Right now, the breakout attempts near $94K keep getting rejected.
There is a tightening squeeze between the trendline support and horizontal resistance, and the price is nearing the apex. So a breakout or breakdown is likely within the next few sessions.
Buyers would want to see a clean breakout above $95K with volume to target the $100K zone. Sellers, on the other hand, would look to a break below the ascending trendline, aiming for a retest of $85K or even the critical $80K area.
And what was just an idea… is nearing realization.
Timing is not a coincidence,
And those who observe the details now will understand before others. @Dr Chart Mazen @Naccy小妹 @Hina BNB JF doesn't announce… JF surprises. 🔥 #xrp #ETH #bnb
🎁 Binance Red Packet Giveaway — Share the Crypto Joy 🚀
{future}(USDCUSDT)
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