New CFTC chair Selig inherits Pham’s crypto pilots as Congress eyes DA rules
NeutralCryptocurrency
- Michael Selig has been sworn in as the 16th chairman of the Commodity Futures Trading Commission (CFTC), succeeding Caroline Pham, who has moved to MoonPay. Selig inherits ongoing crypto pilots and faces impending legislation regarding digital assets as Congress deliberates on regulatory frameworks.
- This leadership transition is significant as Selig's background as a former SEC Crypto Task Force counsel positions him to influence the regulatory landscape for cryptocurrencies and digital assets in the U.S.
- The change in leadership comes at a critical time when the CFTC is actively seeking to establish new regulatory frameworks, including the formation of a CEO Innovation Council aimed at shaping policies for digital assets, reflecting a broader push for regulatory clarity in the evolving cryptocurrency market.
— via World Pulse Now AI Editorial System