Michael Selig Appointed as CFTC Chair Amid Crypto Industry Expansion

According to BlockBeats, U.S. President Donald Trump has appointed Michael Selig as the new chairman of the U.S. Commodity Futures Trading Commission (CFTC) in response to the growing cryptocurrency industry. Michael Selig previously served as the chief advisor for the U.S. Securities and Exchange Commission's (SEC) cryptocurrency task force. He was also a partner in the asset management practice at the law firm Willkie Farr & Gallagher.