The White House nominates crypto expert Mike Selig to lead the CFTC, potentially reshaping the crypto regulatory landscape

ChainCatcher news, the White House has officially nominated SEC cryptocurrency working group chief legal advisor Mike Selig to serve as the chairman of the Commodity Futures Trading Commission (CFTC), ending weeks of leadership uncertainty.

This nomination comes at a critical moment as the Senate advances legislation on cryptocurrency market structure, which will grant the CFTC broader regulatory authority over digital assets. Selig has extensive experience in the crypto space, having worked at the CFTC for former chairman Chris Giancarlo. Meanwhile, the White House is considering candidates, including Paul Balzano and Nathan Anonick, to fill the vacancies on the five-member commission. The Senate Agriculture Committee is expected to soon release its draft on digital commodity regulation, complementing the proposal from the Banking Committee. Industry insiders widely support having experts who understand cryptocurrency lead the CFTC.