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Mike Selig Confirmed as CFTC Chair, Signals Pro-Crypto Regulatory Shift

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Mike Selig was confirmed as CFTC chair, signaling a pro-crypto regulatory shift. He replaces Caroline Pham and supports DeFi innovation with a light-touch approach. Selig stressed the need for clear crypto laws to avoid offshore migration. His comments on liquidity and crypto markets remain vague, as do plans for staffing. The agency faces challenges in balancing oversight with Countering the Financing of Terrorism mandates under new legislation.
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