News

ChainCatcher news, according to Crypto In America, the White House has officially nominated Mike Selig, Chief Legal Advisor of the SEC Cryptocurrency Working Group, as Chairman of the U.S. Commodity Futures Trading Commission (CFTC), ending weeks of leadership uncertainty. This nomination comes at a critical moment as the Senate advances key legislation on crypto market structure, which would grant the CFTC broader regulatory authority over digital assets. Selig previously worked at the CFTC for former Chairman Chris Giancarlo and has extensive experience in the crypto field. Meanwhile, the White House is considering candidates including Paul Balzano and Nathan Anonick to fill vacancies on the five-member commission. The Senate Agriculture Committee is expected to release its draft digital commodity regulation bill soon, complementing the proposal from the Banking Committee. Industry insiders generally support having experts familiar with cryptocurrency lead the CFTC.

ChainCatcher news, according to BusinessInsider, Reliance Global Group (NASDAQ: RELI) announced that it has completed a strategic acquisition of SOL, the native token of the Solana blockchain. This move marks an important milestone in the company's digital asset reserve plan, expanding its asset allocation to one of the fastest, most scalable, and cost-effective blockchain networks globally. The increased holding of Solana continues the company's earlier acquisitions of Bitcoin, Ethereum, Cardano, and Ripple, further implementing its strategy to build a diversified digital asset portfolio. This strategy consistently adheres to the core principles of innovation, risk resilience, and sustained growth in shareholder value.