Trump to nominate SEC’s ‘pro-crypto’ Michael Selig as CFTC chair: Report
The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn.
US President Donald Trump is planning to nominate Michael Selig as the next chair of the Commodity Futures Trading Commission (CFTC), after pulling back the nomination of Brian Quintenz.
Bloomberg reported the news on Friday, citing an unnamed Trump administration official. No official announcement has been made at the time of this writing.
Selig currently serves as the Securities and Exchange Commission’s crypto task force chief counsel and senior adviser to SEC Chair Paul Atkins. He has been characterized as “pro-crypto” by some analysts and influencers in the crypto community, who celebrated the potential nomination.