Overview
- Michael Selig took the oath of office on Monday after the Senate confirmed him on December 18 as the CFTC’s 15th chair.
- He has pledged common‑sense, principles‑based rulemaking for digital assets to replace uncertainty from ad hoc enforcement and unwritten practices.
- Enforcement under his leadership will target fraud, manipulation, and abusive conduct rather than minor technical violations.
- He is expected to advance work on tokenized collateral, stablecoin settlement workflows, and carefully supervised spot crypto products in coordination with other regulators.
- Lawmakers are moving toward a market‑structure bill to define the CFTC‑SEC split on crypto oversight, with supporters expecting congressional action to reach the president soon.