President Donald Trump has nominated Michael Selig, the current chief counsel for the SEC’s Crypto Task Force, to serve as the next Chair of the U.S. Commodity Futures Trading Commission (CFTC).
An administration official confirmed the decision to Bloomberg, noting that Selig’s nomination reflects the administration’s intent to strengthen coordination between U.S. financial regulators as the digital asset market continues to mature.
JUST IN: 🇺🇸 Donald Trump selects Bitcoin and crypto supporter Michael Selig as CFTC chair pic.twitter.com/9X3XcEP328
— Bitcoin Archive (@BTC_Archive) October 24, 2025
Selig has played a key role at the Securities and Exchange Commission, where he has worked to harmonize policy frameworks between the SEC and CFTC, two agencies whose overlapping jurisdictions have long complicated crypto regulation. His nomination follows the withdrawal of Brian Quintenz, Trump’s previous choice for CFTC chair, earlier this month.
If confirmed by the U.S. Senate, Selig would oversee derivatives, commodities, and digital asset markets at a time when both institutional and retail participation in crypto futures trading is accelerating.
The appointment underscores the Trump administration’s broader effort to reshape financial regulation toward a more pro-innovation and crypto-inclusive stance, positioning the U.S. as a global leader in digital asset oversight and market development.