Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Run U.S. CFTC
President Donald Trump has named his new choice to lead the U.S. Commodity Futures Trading Commission, formally backing Securities and Exchange Commission lawyer Mike Selig after jettisoning his one-time pick of former CFTC Commissioner Brian Quintenz.
The near-term leadership of the Commodity Futures Trading Commission could be a weighty matter for the crypto industry as the agency is contemplated by current legislative efforts in Congress as a leading regulator of digital assets transactions. If Selig is confirmed by the Senate — a hurdle Quintenz didn’t manage to clear — he’ll likely be shaping the implementation of new U.S. crypto policies.
White House Crypto Czar David Sacks confirmed that Selig, long rumored to be Trump’s top…
