U.S. President Donald Trump has tapped the Securities and Change Fee’s (SEC) Mike Selig to steer the Commodity Futures Buying and selling Fee, the latter confirmed on Saturday.
Mike Selig Speaks Amid CFTC Chair Information
Selig, who most just lately led the SEC’s Crypto Activity Pressure as chief counsel, took to X on October 25 to say he was “honored” to spearhead the CFTC.
I’m honored to be nominated by President Trump to function the sixteenth Chairman of the U.S. Commodity Futures Buying and selling Fee. With the President’s management, a Nice Golden Age for America’s Monetary Markets and a Wealth of New Alternatives stand earlier than us. I pledge to work… https://t.co/cO2vLBAv0z
— Mike Selig (@MikeSeligEsq) October 25, 2025
“With the President’s management, a Nice Golden Age for America’s Monetary Markets and a Wealth of New Alternatives stand earlier than us,” Selig mentioned.
“I pledge to work tirelessly to facilitate Nicely-Functioning Commodity Markets, promote Freedom, Competitors and Innovation, and assist the President make america the Crypto Capital of the World,” he added.
Brian Quintenz Nomination Withdrawn After Winklevoss Issues
Selig’s nomination comes after the nomination course of for Trump’s preliminary decide for CFTC chair, a16z coverage head Brian Quintenz, stalled earlier this 12 months.
In July, experiences emerged that Gemini co-founders Cameron and Tyler allegedly voiced issues over whether or not Quintenz was aligned with the Trump administration’s plans for crypto.
In September, Quintenz shared a sequence of messages between him and Tyler Winklevoss on X earlier than his nomination was rescinded later that month.
I’ve by no means been inclined to launch personal messages. However in gentle of my help for the President and perception that he may need been misled, I’ve posted right here the messages that embrace the questions Tyler Winklevoss requested me pertaining to their prior litigation with the CFTC.
I… pic.twitter.com/MN75M1XUpT— Brian Quintenz (@BrianQuintenz) September 10, 2025
Trump, who largely campaigned with help from the blockchain sector, has obtained each reward and scrutiny for his affiliation with the digital asset business.
Shortly earlier than his inauguration, Trump chosen Yammer founder David Sacks to function the newly established White Home A.I. and Crypto Czar.
Following information of Selig’s nomination, Sacks praised him as “deeply educated about monetary markets” and “enthusiastic about modernizing our regulatory strategy in an effort to preserve America’s competitiveness within the digital asset period.”
“On behalf of the President’s Working Group on Digital Belongings, @patrickjwitt and I look ahead to persevering with our work with Mike to ship on President Trump’s promise to make the U.S. the crypto capital of the planet,” he continued.
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