Trump Picks Selig for CFTC Chair: Pro-Crypto Regulation Gains Momentum

Donald Trump’s nomination of Michael Selig as the new CFTC Chairman marks a significant shift in U.S. crypto regulation, setting the stage for increased regulatory clarity and pro-crypto policies. The move is seen as a positive step toward fostering innovation in the crypto space, with market leaders anticipating a potential boost to digital asset markets like Bitcoin (BTC) and Ethereum (ETH). Selig’s nomination, backed by strong industry support including White House Director of AI and Crypto David Sacks, aims to bolster the U.S.’s position as a global hub for cryptocurrency innovation.