The White House appoints Mike Selig as Chairman of the Commodity Futures Trading Commission, shifting focus to committee member selection.

According to Jinse Finance, as reported by Crypto In America, the White House has officially announced that Mike Selig, Chief Legal Advisor of the US Securities and Exchange Commission (SEC) Crypto Special Task Force, has been nominated to serve as Chairman of the Commodity Futures Trading Commission (CFTC). This appointment comes at a critical moment for cryptocurrency policy in Washington, as senators are stepping up efforts to pass market structure legislation that would grant the CFTC broader regulatory authority over digital assets. The industry has long hoped for a leader well-versed in cryptocurrency to head the agency, and last weekend, dozens of industry insiders expressed their support via X. The Senate Agriculture Committee is currently discussing the date for Selig's confirmation hearing, while the White House is considering potential candidates to rebuild the current five-member commission, which is presently led solely by Acting Chair Caroline Pham.