Crypto: Trump Bets on Michael Selig to Lead the CFTC

Donald Trump has officially appointed Michael Selig to lead the Commodity Futures Trading Commission (CFTC). This appointment, announced on October 25, 2025, is part of an ambitious strategy aiming to position the United States as the global leader in the crypto industry. With a pro-crypto profile and solid experience at the SEC, Selig embodies the will to modernize American financial regulation.

Michael Selig, a pro-crypto profile to modernize the CFTC

Michael Selig, current chief advisor of the SEC’s Crypto Task Force, has been chosen by Donald Trump to lead the CFTC. His background, marked by expertise in financial markets and digital asset regulation, makes him an ideal candidate to steer this agency at a pivotal moment. Selig has worked closely with SEC chairman Paul Atkins on key dossiers related to financial innovation and investor protection.

This appointment follows the withdrawal of Brian Quintenz, whose candidacy had met resistance, notably from the Winklevoss brothers. Selig, on the other hand, enjoys broad support, including within the crypto industry. Indeed, he is seen as a player capable of reconciling innovation and regulation. In a post on X, he affirmed his commitment.

CFTC and SEC, a regulatory duo to oversee the rise of cryptocurrencies

Michael Selig’s appointment to lead the CFTC comes in a dynamic legislative context, marked by the recent adoption of laws such as the GENIUS Act and the CLARITY Act. These texts, welcomed by investors, aim to clarify the regulatory framework for digital assets. But also, to strengthen the United States’ competitiveness on the international stage.

Under Selig’s impetus, the CFTC and SEC should strengthen their coordination to oversee the crypto market. A rapidly growing sector but still marked by legal uncertainties. David Sacks, White House advisor, highlighted Selig’s qualities and finds him deeply competent.

This collaboration between the two agencies is crucial. Especially, to avoid regulatory overlap and offer a stable environment to businesses and investors. It could also accelerate the adoption of new rules on crypto derivatives markets and exchanges. All this, while protecting consumers against fraud risks.

Trump and crypto: an election promise in action

Donald Trump has made crypto a priority of his administration, promising to make the United States the “crypto capital of the world“. During his campaign, he made multiple statements in favor of bitcoin and digital assets. He presents them as levers to stimulate innovation and the American economy. Michael Selig’s appointment fits within this dynamic. His goal will be to create a regulatory ecosystem favorable to the growth of cryptocurrencies.

However, Michael Selig will have to overcome several challenges, notably international competition. The European Union and Asia, with already well-established crypto regulatory frameworks, could hinder American ambitions. Selig’s ability to navigate this complex environment will be decisive in realizing Trump’s vision.

In his speech at the Digital Asset Summit 2025, Donald Trump reiterated his desire to make the United States the global leader in crypto. Michael Selig’s appointment to the head of the CFTC therefore marks a key step in his strategy. Between innovation and regulation, the challenges are numerous. This appointment raises hopes for a clearer framework. However, its success will depend on the authorities’ ability to reconcile security and growth. And you, do you really think the United States can become the crypto capital of the world?