{"id":177182,"date":"2025-10-25T12:25:27","date_gmt":"2025-10-25T09:25:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=177182"},"modified":"2025-10-25T12:24:16","modified_gmt":"2025-10-25T09:24:16","slug":"trumps-cftc-pick-has-deep-crypto-ties-and-industry-is-cheering","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/trumps-cftc-pick-has-deep-crypto-ties-and-industry-is-cheering\/","title":{"rendered":"Trump\u2019s CFTC Pick Has Deep Crypto Ties &#8211; and Industry Is Cheering"},"content":{"rendered":"<p>Selig, who currently serves as chief counsel for the SEC\u2019s Crypto Task Force and previously worked as a partner at Willkie Farr &amp; Gallagher, is expected to face Senate confirmation hearings in the coming weeks. His <strong><a href=\"https:\/\/news.bloomberglaw.com\/banking-law\/trump-to-pick-michael-selig-for-cftc-chair-amid-crypto-expansion\" rel=\"nofollow\">appointment<\/a><\/strong> comes as Congress prepares to expand the CFTC\u2019s authority over digital assets through pending bipartisan legislation.<\/p>\n<p>Industry figures were quick to praise the choice, describing Selig as both knowledgeable and pragmatic. \u201cMike understands how to balance innovation with the rule of law,\u201d said Amanda Tuminelli, executive director of the DeFi Education Fund.<\/p>\n<p>The nomination follows the White House\u2019s decision to withdraw its earlier pick, Brian Quintenz of a16z, after concerns were raised over potential conflicts of interest. Despite disappointment over Quintenz\u2019s exit, many within the crypto industry view Selig as an ideal replacement.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-177167\" href=\"https:\/\/cryptodnes.bg\/en\/from-innovation-to-investigation-how-asias-crypto-scene-is-splitting-in-three-directions\/\" title=\"From Innovation to Investigation: How Asia\u2019s Crypto Scene Is Splitting in Three Directions\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/10\/hongkong-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">From Innovation to Investigation: How Asia\u2019s Crypto Scene Is Splitting in Three Directions<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Jake Chervinsky, chief legal officer at Variant Fund, called the nomination a \u201chome run\u201d for the digital asset sector. \u201cHe\u2019s one of the sharpest legal minds in crypto policy,\u201d Chervinsky said, adding that Selig\u2019s deep understanding of both securities and derivatives law makes him \u201cperfect for the job.\u201d<\/p>\n<p>If confirmed, Selig would take charge of the CFTC during a critical phase \u2013 one that could finally determine how the United States regulates the trillion-dollar crypto market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has chosen Michael Selig, one of Washington\u2019s most experienced crypto lawyers, to head the Commodity Futures Trading Commission (CFTC), according to a report from Bloomberg.<\/p>\n","protected":false},"author":9,"featured_media":21768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[424],"coin_category":[],"class_list":["post-177182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s CFTC Pick Has Deep Crypto Ties - and Industry Is Cheering<\/title>\n<meta name=\"description\" content=\"President Donald Trump has chosen Michael Selig, one of Washington\u2019s most experienced crypto lawyers, to head the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/trumps-cftc-pick-has-deep-crypto-ties-and-industry-is-cheering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s CFTC Pick Has Deep Crypto Ties - and Industry Is Cheering\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump has chosen Michael Selig, one of Washington\u2019s most experienced crypto lawyers, to head the...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-25T09:25:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ss-cftc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/riverbeaver17\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/trumps-cftc-pick-has-deep-crypto-ties-and-industry-is-cheering\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/trumps-cftc-pick-has-deep-crypto-ties-and-industry-is-cheering\\\/\"},\"author\":{\"name\":\"Alexander Zdravkov\",\"@id\":\"https:\\\/\\\/cryptodnes.bg\\\/en\\\/#\\\/schema\\\/person\\\/6042a0f3f18efba4b370857bef9d000c\"},\"headline\":\"Trump\u2019s CFTC Pick Has Deep Crypto Ties &#8211; 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