Category: general

The post Mike Selig Appointed as New CFTC Chair Amid Crypto Focus appeared com. Felix Pinkston Oct 28, 2025 04: 08 Mike Selig, former SEC Crypto Task Force leader, has been appointed by President Trump as the new CFTC Chair, marking a pivotal shift in U. S. crypto regulations. In a significant development for the U. S. financial regulatory landscape, Mike Selig has been appointed as the new Chair of the Commodity Futures Trading Commission Crypto Task Force, where he served as chief counsel. Mike Selig Speaks Amid CFTC Chair News Selig expressed his gratitude and vision on social media, stating he was “honored” to take on the role of CFTC Chair. He emphasized the potential for a “Great Golden Age for America’s Financial Markets,” attributing this to the President’s leadership. Selig pledged to enhance the functioning of commodity markets and bolster the U. S. position as a leader in the crypto space. His appointment is seen as a strategic move to align the CFTC’s policies with the growing influence of digital assets in financial markets. Selig’s previous role at the SEC, where he focused on crypto regulations, is expected to influence his approach at the CFTC. Brian Quintenz Nomination Withdrawn After Winklevoss Concerns Selig’s nomination follows a tumultuous period involving the initial nominee, Brian Quintenz, who faced opposition from prominent figures in the crypto industry, including the Winklevoss twins. Concerns were raised regarding Quintenz’s alignment with the administration’s crypto policies, leading to the withdrawal of his nomination. Quintenz’s candidacy was marred by controversy, particularly after private communications with Tyler Winklevoss surfaced, discussing past litigation with the CFTC. The incident highlighted the complexities and political sensitivities surrounding crypto regulation. President Trump, who has been a vocal supporter.