Trump Nominates SEC Crypto Counsel to Head CFTC, Aiming to Bolster US Crypto Market Dominance

Donald Trump has nominated Michael Selig, the general counsel of the SEC’s crypto task force, to become chair of the U.S. Commodity Futures Trading Commission (CFTC). This appointment seeks to elevate America’s role in the global cryptocurrency landscape. Selig’s pro-crypto stance is expected to streamline regulations for major digital currencies such as ETH and BTC, potentially boosting market confidence and attracting institutional investment.