TechFlow, on October 27, the White House formally nominated Mike Selig, chief legal officer of the SEC's Crypto Task Force, to serve as chair of the Commodity Futures Trading Commission (CFTC), ending weeks of leadership uncertainty.
The nomination comes as the Senate advances critical cryptocurrency market structure legislation that would grant the CFTC broader regulatory authority over digital assets. Selig previously worked at the CFTC under former chairman Chris Giancarlo and brings extensive experience in the crypto space.
Meanwhile, the White House is considering candidates including Paul Balzano and Nathan Anonick to fill vacancies on the five-member commission. The Senate Agriculture Committee is expected to soon release its draft legislation on digital commodity regulation, complementing proposals from the Banking Committee. Industry insiders broadly support having CFTC leadership led by experts familiar with cryptocurrency.
