Trump Picks SEC Chief Michael Selig to Lead CFTC, Aiming for Unified Crypto Regulation

President Trump has nominated Michael Selig, the current chief counsel of the SEC’s crypto task force, to lead the Commodity Futures Trading Commission. This strategic appointment aims to create unified cryptocurrency regulation across federal agencies and advance a pro-digital asset regulatory agenda. 2024 election implications remain uncertain. 5 years in the making, this selection represents a significant step towards unifying US crypto policy following the SEC’s previous head Brian Quintenz’s nomination being blocked by the Senate earlier this year.