Story perspectives
Trump Nominates Michael Selig as CFTC Chair Amid Crypto Shift
10/25/2025
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Story summary
- On Oct. 24, 2025, U.S. President Donald Trump nominated Michael Selig to chair the Commodity Futures Trading Commission.
- Selig is currently chief counsel for the CFTC's crypto task force.
- David Sacks, White House AI and crypto czar, praised Selig's expertise in financial markets.
- Acting Chair Caroline Pham endorsed the nomination after Brian Quintenz withdrew amid crypto opposition, highlighting its significance for market innovation.
