Trump Picks SEC Crypto Task Force's Mike Selig to Run CFTC: Report

President Trump has selected Mike Selig, chief counsel for the SEC's pro-cryptocurrency task force, to lead the Commodity Futures Trading Commission (CFTC), according to Bloomberg reports. This strategic appointment signals a potentially transformative shift toward crypto-friendly regulatory policies that could significantly impact Bitcoin, Ethereum, and the broader digital asset ecosystem.

Selig's background with the SEC's crypto task force positions him uniquely to bridge traditional financial oversight with emerging blockchain technologies. His selection reflects Trump's commitment to fostering innovation in decentralized finance (DeFi) and cryptocurrency markets while maintaining regulatory clarity.

The CFTC plays a crucial role in overseeing cryptocurrency derivatives, Bitcoin futures, and digital commodity trading. Under Selig's potential leadership, the agency may implement more favorable policies for crypto exchanges, institutional investors, and blockchain startups seeking regulatory certainty.

This appointment could catalyze increased institutional adoption of digital assets and potentially drive positive price movements across major cryptocurrencies. Market analysts anticipate that Selig's pro-crypto stance may accelerate regulatory frameworks supporting DeFi protocols, NFT markets, and emerging Web3 technologies, positioning the United States as a global leader in cryptocurrency innovation and blockchain adoption.