SEC’s Mike Selig Could Lead CFTC, Signals Major Shift in Cryptocurrency Regulation

As the cryptocurrency market expands globally, established regulatory systems are being tested to keep pace with rapid innovation. The U.S. is taking action by preparing for a significant revamp of its oversight mechanisms, specifically through the Commodity Futures Trading Commission (CFTC). This move will focus on expanding into the crypto sector under a new leadership team. With Mike Selig, currently serving at the Securities and Exchange Commission (SEC), poised to lead the CFTC, the industry is bracing for potential changes in regulatory strategies.