The Trump Administration's Crypto Champion

Michael Selig is now the new head of the Commodity Futures Trading Commission (CFTC). This move shows how serious the Trump administration is about crypto. Selig has been working closely with the SEC's chairman, Paul Atkins. He's also been a key player in the CFTC's crypto task force. Selig and David Sacks, the White House's crypto expert, shared the news on X. Sacks called Selig a crypto genius who knows a lot about markets. Selig promised to make America the top crypto country in the world. The CFTC didn't say anything right away. But Bloomberg News was the first to report this. Selig's appointment comes at a time when crypto is getting more attention from regulators. Two new laws, the GENIUS Act and the CLARITY Act, have made investors happy. These laws create rules for digital assets. Trump has always been a big fan of crypto. He even talked about it in his campaigns. The Trump family has been involved in crypto too. They own part of World Liberty Financial. Plus, both Trump and Melania have their own meme coins. Trump's first pick for CFTC chair, Brian Quintenz, didn't work out. Tyler Winklevoss, from Gemini, opposed him. Quintenz said Winklevoss lobbied against him. The CFTC usually has five commissioners from both parties. Selig has been at the CFTC since March 2025. Before that, he worked at a big law firm.