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New CFTC Chairman Michael Selig: A new beginning for the crypto future!
Michael Selig has been named new CFTC Chairman, promoting innovation and competitiveness in the crypto industry.
New CFTC Chairman Michael Selig: A new beginning for the crypto future!
On October 27, 2025, Michael Selig was appointed as the 16th Chairman of the Commodity Futures Trading Commission (CFTC). This election is perceived as a significant move in the cryptocurrency industry as Selig previously served as chief advisor to the CFTC cryptocurrency task force. His appointment comes at a time when the digital asset industry is hoping for greater regulatory clarity under the new administration. u.today reports, that Selig stated in his first public statements that he would support well-functioning commodity markets, freedom, competition and innovation.
Selig announced that he wants to make the US the crypto capital of the world. This more open-minded stance towards cryptocurrencies is being viewed positively by many in the industry, including Charles Hoskinson, the founder of Cardano. Hoskinson expressed his confidence in Selig's abilities and leadership in a tweet. Selig’s appointment is seen as an encouraging sign for the cryptocurrency community.
Regulatory changes and reactions
Michael Selig's appointment comes amid a notable shift within the SEC. Under the leadership of SEC Chairman Paul Atkins, the agency has shifted its focus from strict enforcement actions to engagement and regulatory rollback. This includes dropping several high-profile lawsuits against companies like Ripple, Binance and Coinbase. These developments have been well received among investors in the crypto sector, particularly the GENIUS Act and CLARITY Act initiatives, which are seen as signaling the upcoming regulatory framework.
Selig and David Sacks, the White House AI and crypto envoy, confirmed the appointment in separate posts on Platform X. This reinforces the impression that the new leadership at the CFTC and SEC is committed to leveling the playing field for digital assets and thereby promoting growth in this increasingly important sector.
Overall, the appointment of Michael Selig appears to be an important step towards more transparent and innovation-friendly regulation in the digital assets sector, encouraging both investors and companies to act more actively in this dynamic market.