US Securities and Exchange Commission (SEC) official Michael Selig has been nominated by President Donald Trump to chair the Commodity Futures Trading Commission (CFTC), aiming to solidify the US as a leading crypto hub. This nomination, which requires Senate approval, comes at a time when the CFTC operates with several open leadership positions following the departure of acting Chair Caroline Pham and Commissioner Kristin Johnson. While Selig’s nomination hasn’t been officially announced, White House sources confirm Trump’s intent to appoint him, paving the way for Pham’s exit after her replacement is confirmed in the Senate. This move follows a recent government shutdown entering its fifth week as political disagreements between Republicans and Democrats over healthcare funding have stalled progress.