US Senate Confirms Mike Selig as New CFTC Chair

DL News

Release Time:12/19/2025 09:46:55

The US Senate confirmed Mike Selig as the new CFTC chair, a move seen as pivotal for crypto regulation. Selig, a Trump nominee and former SEC crypto counsel, replaces Caroline Pham, now at Moonpay. He supports BTC as hedge against inflation and aims to position the US as the 'Crypto Capital of the World.' His confirmation comes as lawmakers debate expanding CFTC oversight to crypto. During his hearing, Selig called for clearer rules and a light-touch approach to DeFi, but avoided questions on staffing and prediction markets. The CFTC’s role in Countering the Financing of Terrorism remains a key regulatory focus.

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