Senate Scrutinizes Michael Selig’s Nomination for CFTC Chair, Raising Crypto Market Concerns

A Senate hearing is underway to assess Michael Selig’s qualifications for leading the Commodity Futures Trading Commission (CFTC), a key moment in shaping U.S. cryptocurrency regulation. The potential changes under his leadership are significant, as they could lead to expanded CFTC authority over crypto spot markets and influence the agency’s role in overseeing digital commodities.