CFTC Chair
Former President Trump has appointed Michael Selig as the new chair of the Commodity Futures Trading Commission (CFTC) to tackle the expanding cryptocurrency industry. Selig’s appointment comes amid increasing scrutiny and regulation of digital assets. The CFTC plays a crucial role in overseeing derivatives markets, including those related to cryptocurrencies. Selig is expected to focus on fostering innovation while ensuring consumer protection and market integrity in the rapidly evolving crypto landscape. His leadership will be pivotal as the CFTC navigates the complexities of regulating a sector that has seen significant growth and volatility.
