Crypto Community Cheers as Michael Selig Named New CFTC Chairman

Michael Selig has been appointed as the 16th Chairman of the U.S. Commodity Futures Trading Commission (CFTC), a move welcomed by the cryptocurrency industry. Known for his pro-crypto stance, Selig previously served as chief counsel for the CFTC’s crypto task force and collaborated closely with SEC Chairman Paul Atkins. His appointment was confirmed by both Selig and White House AI and crypto czar David Sacks through separate posts on X.

In his statement, Selig pledged to strengthen America’s position as a global leader in crypto innovation, promising to “facilitate well-functioning commodity markets, promote freedom, competition, and innovation,” and make the U.S. the “crypto capital of the world.”

Cardano founder Charles Hoskinson, a prominent figure in the blockchain space, expressed optimism about the nomination. “Chairman Selig is going to do a great job at the CFTC. I have full confidence in his ability and leadership,” Hoskinson said on X, reflecting widespread enthusiasm across the crypto sector.

Selig’s selection comes at a pivotal time for the digital assets market. The GENIUS Act and CLARITY Act—two recent legislative measures providing clearer regulatory guidelines for cryptocurrencies—have already bolstered investor confidence. These developments signal a broader shift in Washington toward regulatory transparency and technological advancement.

Under SEC Chairman Paul Atkins, the commission has notably shifted its focus from enforcement to engagement, fostering collaboration with industry leaders. The SEC has also rolled back restrictive measures and dismissed several major lawsuits, including those involving Ripple, Binance, and Coinbase.

With Selig now at the helm of the CFTC, industry leaders believe the U.S. is entering a new era of balanced regulation, innovation, and market freedom—potentially positioning the nation as the world’s most crypto-friendly economy.