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The post What Congress Has Left to Do This Year appeared com. The restarted Senate is moving forward with certain crypto initiatives, but how much time is left compared to how much work is left, really? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Now that Congress is back from the government shutdown, all eyes are on how it will proceed on crypto issues. There are a few components to this: Mike Selig’s nomination to run the Commodity Futures Trading Commission, market structure legislation and other crypto matters. Why it matters Time is starting to run out for the crypto industry to lock in its wins from the 2024 election. While the GENIUS Act was a strong start for crypto businesses, and the Securities and Exchange Commission and CFTC are continuing their efforts to create new rules for the industry, the market structure bill is still far from completion. Congress has less than 40 days left this year and just a handful of months next year before it disperses for the midterm elections. Breaking it down The Senate Agriculture Committee voted 13-11 to advance CFTC Chair nominee Mike Selig’s name to the full Senate for a floor vote; if he secures a majority of votes, he should get sworn in shortly after. This may happen in the coming weeks. Selig said crypto is an important issue for the CFTC to look into, speaking to specific issues like onchain markets and the role of intermediaries, among other things. “The CFTC has a critical mission to protect these markets,” he said at his hearing on Wednesday. “This is a real opportunity to develop a framework that can allow for software developers to thrive, for new exchanges to crop up that are going to protect investors and.

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.

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What Congress Has Left to Do This Year

Mike Selig Appointed as New CFTC Chair Amid Crypto Focus