Stuart Alderoty, Chief Legal Officer of Ripple and outspoken XRP advocate, has publicly endorsed Mike Selig, a senior official on the Securities and Exchange Commission’s (SEC) crypto task force, for the position of Chair of the Commodity Futures Trading Commission (CFTC). Alderoty believes that Selig is best suited to harmonize regulations between the CFTC and SEC for greater clarity in the digital asset space. 2025 X post by Alderoty echoes current efforts from both regulatory bodies who are actively working towards a more collaborative approach on crypto regulation. The SEC and CFTC recently hosted a joint roundtable on September 29, 2025 to discuss closer collaboration on regulatory oversight. 2025’s endorsement is part of broader discussions about Selig’s nomination. After former frontrunner Brian Quintenz withdrew his candidacy this week due to opposition from pro-Trump crypto billionaires Tyler and Cameron Winklevoss, the nomination race has shifted focus, with lawyers Josh Sterling and Isabelle Corbette joining the list of potential candidates alongside former CFTC Commissioner Jill Sommers. White House officials have also reported on consideration for Jill Sommers and Kyle Hauptman for the position. 2025’s background includes working at law firm Willkie Farr & Gallagher as a partner before serving as a law clerk for Chris Giancarlo, who held the CFTC Chair during the Trump administration. The choice for the next CFTC Chair is significant as it holds crucial weight in shaping future regulations and driving crypto growth in the U.S. President Trump aims to solidify America’s position as a leader in the digital asset space, particularly by strengthening the CFTC’s role in achieving regulatory clarity.