Trump’s CFTC nominee vows to make America ‘Crypto Capital of the World’
PositiveCryptocurrency
- Michael Selig, nominated by President Donald Trump to lead the Commodity Futures Trading Commission (CFTC), is set for a Senate vote as the agency revises its rules on cryptocurrency trading, including the removal of 'actual delivery' requirements and the approval of spot crypto trading on futures exchanges.
- This nomination is significant as it signals a potential shift in regulatory approaches towards cryptocurrency, with Selig emphasizing the importance of making America the 'Crypto Capital of the World' and advocating for a structured regulatory framework.
- The developments reflect a broader trend in U.S. cryptocurrency regulation, where the CFTC is actively pursuing policies to enhance market activity and investor protection, aligning with Trump's agenda while also addressing the need for oversight in the rapidly evolving digital asset landscape.
— via World Pulse Now AI Editorial System
