Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Trump’s CFTC Pick Aims to Close SEC Gap in Cryptocurrency Regulation

Trump’s CFTC Pick Aims to Close SEC Gap in Cryptocurrency Regulation

Bitget-RWA2025/10/24 20:14
By:Bitget-RWA

- Trump nominated SEC crypto task force chief Michael Selig to lead the CFTC, signaling a strategic shift toward unified crypto regulation. - Selig's expertise in bridging SEC-CFTC oversight gaps positions him to accelerate regulatory harmonization for digital assets and derivatives. - The appointment follows failed attempts to appoint industry-linked candidates and aligns with bipartisan efforts to clarify the CFTC's authority over crypto markets. - Selig's confirmation would advance Trump's agenda to est

Donald Trump has selected Michael Selig, who currently serves as chief counsel for the Securities and Exchange Commission’s (SEC) crypto task force, as his nominee to chair the Commodity Futures Trading Commission (CFTC). This move marks a significant change in the administration’s stance on cryptocurrency regulation. Bloomberg first reported the nomination, which was also confirmed by a

and a , placing Selig in charge of an agency that is increasingly responsible for overseeing digital asset markets. Lawmakers are currently working to define the CFTC’s responsibilities as the sector evolves. Selig’s experience in coordinating regulatory efforts between the SEC and CFTC has made him instrumental in attempts to unify oversight of crypto derivatives and tokenized assets.

The urgency of the CFTC’s role in digital asset regulation has grown as federal agencies strive to create unified regulatory structures. Both the SEC and CFTC are working toward coordinated regulatory milestones by the end of 2025, which include clarifying rules for spot crypto trading and incorporating tokenized collateral into regulated markets, according to a

. Acting CFTC Chair Caroline Pham has highlighted the importance of updating oversight as blockchain-based financial products become more prevalent, a goal Selig is expected to pursue. His nomination comes after an unsuccessful effort to appoint a16z’s Brian Quintenz, which was halted due to concerns about conflicts of interest, as reported by The Block.

Trump’s CFTC Pick Aims to Close SEC Gap in Cryptocurrency Regulation image 0

Selig’s selection coincides with increasing bipartisan initiatives to establish clear regulatory boundaries for digital assets. Congress is currently considering legislation to reinforce the CFTC’s jurisdiction over crypto futures and swaps, while the SEC remains focused on investor protection and securities law compliance, as noted by CryptoBriefing. The agencies’ collaboration, including a joint roundtable on regulatory alignment, marks a rare moment of unity in a sector often divided by jurisdictional disagreements. Experts say Selig’s background in harmonizing SEC and CFTC policies—shaped by his time as an aide to SEC Chair Paul Atkins and as a partner at Willkie Farr & Gallagher—makes him especially qualified to address these challenges, according to The Block.

This development also highlights Trump’s strategic focus on digital asset policy. Earlier this year, the president reaffirmed his plan to impose 155% tariffs on China, a decision that has impacted markets, according to

. Nevertheless, his attention to crypto regulation is becoming more targeted as he aims to establish the U.S. as a leader in digital asset innovation. Senate confirmation of Selig would be a significant milestone in this strategy, with industry figures expressing strong support for his nomination. Amanda Tuminelli of the DeFi Education Fund described Selig as “a highly regarded attorney and industry authority,” while Jake Chervinsky of the Variant Fund commended his “demonstrated leadership” in a field that requires both progress and responsibility.

The CFTC’s growing influence in crypto regulation is expected to intensify in 2026, as major banks and exchanges ramp up tokenization pilots and blockchain adoption, according to CryptoBriefing. Selig’s guidance will be crucial in maintaining a balance between strict regulation and the encouragement of innovation—a challenge that has tested previous leaders. With the CFTC now playing a central role, the confirmation process will be closely monitored by both industry stakeholders and government officials.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Influence of TWT’s Updated Tokenomics on the Dynamics of the Cryptocurrency Market

- TWT/TON's 2025 tokenomics shift from speculative governance to utility-driven ecosystem integration, embedding tokens in platform functions like Trust Premium. - Deflationary mechanisms (88.9B tokens burned) and cross-chain FlexGas systems create scarcity, mitigating oversupply risks while expanding transactional use cases. - Governance reforms prioritize community voting on fees and partnerships, but face challenges from regulatory uncertainty and Solana network dependencies. - Institutional adoption gr

Bitget-RWA2025/12/12 21:02
The Influence of TWT’s Updated Tokenomics on the Dynamics of the Cryptocurrency Market

Astar (ASTR) Price Spike: Unraveling the Reasons for Recent Market Fluctuations

- Astar (ASTR) price surged amid Tokenomics 3.0 reforms, institutional capital inflows, and strategic partnerships in November 2025. - Deflationary mechanisms like Burndrop and a $29.15M buyback program reduced circulating supply to 8.24B tokens. - Galaxy Digital's $3. 3M OTC purchase and Coinbase listing roadmap signaled institutional confidence in ASTR's long-term potential. - Partnerships with Sony , Toyota , and Japan Airlines expanded ASTR's real-world utility in logistics and digital identity sectors

Bitget-RWA2025/12/12 20:28

The Increasing Importance of STEM Education as a Strategic Asset in a Technology-Focused World Economy

- U.S. STEM education is reshaping curricula and partnerships to meet AI, cybersecurity, and renewable energy demands, driven by $75M investments like Farmingdale State College's expanded Computer Sciences Center. - Public-private collaborations, including NSF AI Education Act and Google/IBM workforce pledges, are accelerating workforce readiness through AI research and micro-credential programs. - STEM-focused universities achieved 11.5% average endowment returns in 2025, but proposed excise taxes threate

Bitget-RWA2025/12/12 20:28
The Increasing Importance of STEM Education as a Strategic Asset in a Technology-Focused World Economy

Aster DEX: Redefining the Landscape of Decentralized Trading

- Aster DEX is reshaping DeFi by bridging retail and institutional markets through hybrid AMM-CEX architecture and strategic partnerships. - The platform achieved 1.848 million users and $3.32B weekly trading volume in 2025, with $5.7B institutional buy volume in late 2025. - RWA integrations (gold, equities) and 7% staking rewards drive institutional adoption, while gasless trading and TWAP orders enhance execution efficiency. - Aster's 400% TVL growth and 5-7% annual token burns create scarcity, supporti

Bitget-RWA2025/12/12 20:28
Aster DEX: Redefining the Landscape of Decentralized Trading
© 2025 Bitget