Trump's CFTC Pick, Mike Selig, Clears Hurdle on Way Toward Confirmation Vote

The time aft his confirmation hearing, the Senate Agriculture Committee followed up with a speedy ballot to beforehand Mike Selig to the wide Senate for a last vote.

Nov 20, 2025, 7:18 p.m.

Just 1 time aft Mike Selig's confirmation hearing connected becoming President Donald Trump's adjacent president of the U.S. Commodity Futures Trading Commission, the Senate Agriculture Committee advanced his sanction toward a last vote by the wide Senate, moving him overmuch person to being a large regulator of the crypto industry.

Nominee Selig, a elder authoritative moving connected crypto argumentation astatine the Securities and Exchange Commission, volition await that last confirmation ballot earlier helium tin beryllium sworn successful to pb the U.S. commodities watchdog. In that role, it's apt that Selig would pb U.S. oversight of overmuch of the integer assets sector, particularly arsenic Congress continues to enactment connected authorities to adhd to the agency's powers.

"This is simply a captious infinitesimal for the CFTC arsenic Congress considers expanding the agency’s authority," said committee Chairman John Boozman, an Arkansas Republican. "Strong enactment is indispensable to instrumentality caller policies and responsibilities. Michael Selig is the close idiosyncratic to onslaught that balance."

Selig had been Trump's 2nd prime to pb the bureau aft helium dropped the information of erstwhile CFTC Commissioner Brian Quintenz, who was openly criticized by a apical crypto enforcement adjacent to the president: Gemini CEO Tyler Winklevoss. But Quintenz didn't marque it to this past signifier of the process.

As a lawyer astatine the SEC, Selig has been astatine the halfway of enactment connected the agency's Project Crypto, aimed astatine establishing affable policies to promote the crypto industry. He's spoke often astir integer assets successful his confirmation hearing, saying it'll beryllium a "critical mission" astatine the CFTC to found due policies.

"This is simply a large motion for the manufacture and the U.S. regulatory system, not lone to person a integer plus adept starring the efforts astatine CFTC connected a fig of fronts, but specifically for informing ongoing marketplace operation legislative debates," said Digital Chamber CEO Cody Carbone, successful a statement.

The CFTC's ain "crypto sprint" instituted by Acting Chairman Caroline Pham has been moving successful parallel with the SEC's crypto efforts. Pham has pushed a fig of policies that would onshore successful Selig's hands, if he's confirmed.

Crypto Lobbyists Pitching Trump connected Getting Things Done During Congress' Uncertainty

Industry groups signed a missive to President Donald Trump calling for caller taxation argumentation and bureau enactment connected initiatives isolated from Congress' marketplace operation work.