Michael Selig, nominated by President Trump to lead the Commodity Futures Trading Commission (CFTC), is set to face a Senate hearing on November 19th. This appointment raises significant questions about how U.S. crypto regulations will evolve under his leadership. Selig’s extensive experience in digital asset regulation, particularly as former SEC chief counsel for the cryptocurrency task force, could lead to a more favorable approach towards the industry compared to the current stricter stance by the SEC’s Gary Gensler. What Does This Mean? Selig’s appointment at the CFTC could: **1.** Clarify regulatory boundaries between the CFTC and SEC, potentially fostering collaboration for a more streamlined approach to digital assets regulation; **2.** Support innovative projects within the crypto space through dedicated ‘sandbox’ environments or frameworks; and **3.** Increase communication between regulators and industry leaders, fostering dialogue to address challenges in a proactive manner. His appointment could also have implications for future U.S. legislation related to cryptocurrency, particularly if Trump wins reelection in 2024.