Trump Taps Michael Selig as CFTC Chairman to Drive Crypto Industry Growth

Bloomberg reports that Michael Selig has been named CFTC chair, a move analysts say will influence the trajectory of crypto regulation and market oversight amid a fast-growing digital assets sector. The appointment signals a push for clearer governance of futures and derivatives tied to crypto, aiming to bolster market integrity and risk controls as institutions deepen their participation in the ecosystem. The decision, reported on October 25, aligns regulatory leadership with the sector’s expanding footprint and the need for coherent policy coordination across agencies.

Michael Selig previously served as Chief Counsel of the SEC’s Cryptocurrency Special Working Group and was a partner in asset management at Willkie Farr & Gallagher, bringing a rigorous background in enforcement, policy development, and governance. The appointment emphasizes cross‑agency coordination to strengthen the regulatory framework for digital assets, enhance investor protection, and support a more resilient crypto markets within the broader futures ecosystem.