President Trump has appointed Michael Selig as chair of the Commodity Futures Trading Commission (CFTC), the US agency responsible for overseeing derivatives markets, including crypto futures, according to a Bloomberg report.

Selig, who previously served as chief counsel for the SEC’s crypto task force and as an aide to SEC Chair Paul Atkins, has worked to align regulatory approaches between the SEC and CFTC across traditional finance and digital assets.

Selig will now lead the commission during a pivotal phase for the crypto industry, as markets expand under emerging frameworks aimed at fostering innovation and market liquidity. His appointment reflects Trump’s stated priority of integrating digital assets into US financial policy while maintaining regulatory clarity.