US President Donald Trump has selected Michael Selig to lead the Commodity Futures Trading Commission (CFTC) in a major development on Friday. This move adds to the long list of positive actions by the Trump administration targeted at providing regulatory clarity for the crypto industry.

Pro-Crypto Selig Gets Nod For CFTC Leadership

On Friday, Bloomberg reported that the White House is set to name Michael Selig the new Chairman of the CFTC. Selig is expected to take leadership from Caroline D. Pharm, who has been serving as acting Chairman since January 2025.

Selig is a lawyer by profession and gained prominence working as a partner specializing in crypto at Willkie Farr and Gallagher LLP. The incoming CFTC boss has also previously worked as a clerk for former CFTC commissioner and ch

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