Selig’s leadership arrives as Congress readies digital asset legislation and the CFTC faces rapidly industrial transformation.
Pro-Bitcoin Michael Selig has officially assumed leadership of the Commodity Futures Buying and selling Payment after being confirmed by the Senate, according to a Monday announcement.
He succeeds Caroline Pham, who launched her departure from public service as of late; Pham had served as a commissioner since April 2022 and as Acting Chairman foundation in January 2025.
Selig stated in a observation that the CFTC is coming into a length of fundamental transformation, driven by rising retail participation and the emergence of unique products and platforms. He stated the company would take on an expanded role in setting purposeful regulatory requirements for digital asset markets while sustaining the steadiness and security of US derivatives markets.
“I’m grateful for the boldness President Trump has placed in me and for the chance to lead the CFTC at this pivotal time,” stated the newly appointed chair.
“This day begins a new chapter for the CFTC. We are at a unparalleled second as a broad number of unique applied sciences, products, and platforms are rising, retail participation in the commodity markets is at an all-time high, and Congress is poised to ship digital asset market structure legislation to the President’s desk, cementing the US because the Crypto Capital of the World,” he added.
With a solid expert-crypto screech, Selig is anticipated to lift a clarity-first manner to digital asset regulation because the CFTC expands its authority.
Sooner than becoming a member of the CFTC, he served as chief counsel to the SEC’s Crypto Process Force and as senior handbook to Chairman Paul Atkins.
His work focused on modernizing regulatory frameworks for digital resources, coordinating SEC and CFTC oversight, and advancing US leadership in digital monetary technology.
