Michael Selig confirms CFTC nomination as agency faces leadership void

White House crypto and AI czar David Sacks announced Selig as US President Donald Trump's pick after Brian Quintenz's nomination to lead the regulator was withdrawn.

US Securities and Exchange Commission (SEC) official Michael Selig announced that President Donald Trump had nominated him to chair the Commodity Futures Trading Commission (CFTC), citing a focus on crypto policies. The move still requires Senate approval and comes as the agency operates with several open seats.

In a Saturday X posts, Selig and White House crypto and AI czar David Sacks confirmed reports that Trump would nominate him to chair the CFTC, setting the groundwork for the departure of acting Chair Caroline Pham.

Selig, whose nomination did not appear in congressional records nor among official White House announcements at the time of publication, reiterated Trump’s goal of making the US a “crypto capital.”

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