Overview
- Selig confirmed his nomination and vowed to "work tirelessly" to support Trump's goal of making the U.S. the "Crypto Capital."
- The appointment requires Senate confirmation, which could be delayed by the government shutdown.
- The CFTC is down to acting chair Caroline Pham after recent departures, and a full commission is needed for major rulemaking such as under the CLARITY Act, former chair Chris Giancarlo has noted.
- The move follows the withdrawal of Brian Quintenz’s nomination after pushback from parts of the crypto industry, including a public dispute with Gemini’s founders.
- Selig brings experience as chief counsel to the SEC’s crypto task force, prior service at the CFTC under Chris Giancarlo, and private practice at Willkie Farr & Gallagher.