(Reuters) -U.S. President Donald Trump has picked Michael Selig as the Commodity Futures Trading Commission's chair, Bloomberg News reported on Friday, citing an administration official. Selig is chief counsel for the CFTC's crypto task force and has been working alongside Securities and Exchange Commission Chairman Paul Atkins, the report added. Selig, the CFTC and the White House did not respond immediately to Reuters' requests for comment. The move comes as the digital assets industry, which had been facing regulatory pressures, takes center stage under the Trump administration with new legislations and laws. The GENIUS Act, passed into a law earlier in the year, and the CLARITY Act – which aims to establish a regulatory framework for digital assets – have been received well by investor

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