The United States Senate has consented to Michael Selig serving as the next Chair of the Commodity Futures Trading Commission (CFTC).
What's the Scoop?
- Senate Confirmation: Selig was confirmed by the Senate to on Thursday, December 18, 2025. He will soon be sworn in as the 15th Chair of the CFTC, replacing acting Chair Caroline Pham, who has already announced her next roll at crypto payments firm MoonPay.
- Pro-Crypto Pick: Selig's is the current Chief Counsel of the SEC's Crypto Task Force and a previous Bankless podcast guest. His appointment is being celebrated as a "pro-crypto" pick given his familiarity with the industry.
- Second Choice: Selig is a substitute for President Trump's initial pick, a16z policy head Brian Quintenz, who was withdrawn from consideration after stiff opposition from the Winklevoss twins, major Trump campaign donors.
Congrats to Mike Selig on his confirmation as @CFTC Chair. The CFTC is a critical partner in our financial markets. Building on the House’s work, the Committee looks forward to working with him and @SECGov to deliver long-overdue digital asset regulatory clarity and address other…
— Financial Services GOP (@FinancialCmte) December 19, 2025