The Senate confirmed crypto expert Michael Selig as CFTC Chairman, ending an arduous selection process by a 53-43 vote. His confirmation was part of a batch vote that confirmed 97 nominations with a single action. Selig, who has served as chief counsel for the SEC’s Crypto Task Force, was nominated by Trump behind his experience in finance and crypto.
“I look forward to working with Chairman Selig to ensure the CFTC offers clear and pragmatic regulation of risk management markets, and particularly as Congress considers legislation to expand its authority related to digital commodities,” said Senate Committee on Agriculture, Nutrition, and Forestry Chairman John Boozman.
Selig joins the CFTC as chairman after previously working at the commission for the office of former commissioner J. Christopher Giancarlo. Selig..
