Trump Nominates Michael Selig for CFTC Chair: Implications for Crypto Regulation

President Donald Trump has nominated Michael Selig to become the next chair of the Commodity Futures Trading Commission (CFTC), a move that could significantly impact crypto regulations. This nomination comes after previous nominee Brian Quintenz faced opposition and withdrew his candidacy, signaling changes in market dynamics and regulatory landscape for digital assets like Bitcoin (BTC), Ethereum (ETH), and stablecoins.