Trump Nominates Pro-Crypto Adviser for CFTC Chair: Implications for Digital Assets

U.S. President Donald Trump is reportedly planning to nominate Michael Selig, a senior advisor to SEC Chair Paul Atkins and head counsel for the SEC’s crypto task force, as the next Commodity Futures Trading Commission (CFTC) chair. This nomination has sparked excitement in the digital asset industry, with many viewing it as a positive step toward pro-crypto regulation. Trump’s choice comes after his decision to withdraw Brian Quintenz’s nomination in September, who faced pressure from private sector stakeholders.