Trump Picks Pro-Crypto Lawyer for CFTC Chair Role

President Trump has nominated Michael Selig to serve as the chair of the Commodity Futures Trading Commission (CFTC). This nomination comes after a period of uncertainty at the CFTC, with Acting Chair Caroline Pham in place since April 2025. The selection of Selig is a significant development for the future regulation of cryptocurrencies, as he has pledged to prioritize crypto and promote it as a cornerstone of American financial markets.