Trump Nominates Michael Selig for CFTC Chair: Impact on Crypto Markets Uncertain

President Trump has nominated Michael Selig, a former SEC crypto advisor and current chief legal advisor for the SEC’s cryptocurrency task force, to lead the Commodity Futures Trading Commission (CFTC). This appointment, pending Senate confirmation, could impact digital asset regulation as it aims for greater coordination between the SEC and CFTC. Experts are speculating about how this shift might affect BTC, ETH, and DeFi markets.