Trump’s Pick to Run CFTC, Selig, Tells Senators Crypto a ‘Critical Mission’ at Agency
U.S. President Donald Trump’s nominee to run the Commodity Futures Trading Commission, Mike Selig, told senators in his Wednesday confirmation hearing that he’ll champion the president’s intention to set a U.S. path for crypto regulation.
The Senate Agriculture Committee, which oversees the CFTC that will be a leading U.S. regulator for crypto, weighed Selig’s nomination, and Chairman John Boozman asked about digital asset oversight in his first question.
“The CFTC has a critical mission to protect these markets,” Selig said. He told the lawmakers, “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 have the types of…
