US Senate Confirms Michael Selig as CFTC Chairman
The US Senate has confirmed Michael Selig as the chairman of the Commodity Futures Trading Commission (CFTC). This appointment is significant because Selig is known as a proponent of cryptocurrencies and advocates for more flexible and clear regulation of digital assets.
Source Incrypted
Previously, Michael Selig worked at the SEC, where he actively contributed to shaping the agency’s policy on digital assets. His confirmation is particularly important amid the January discussions of the Clarity Act, which proposes to divide cryptocurrency market regulation between the SEC and CFTC.
Having two key regulators led by crypto-friendly figures could indicate a more balanced and transparent approach to digital asset regulation in the US going forward.
