President Donald Trump is reportedly preparing to nominate Michael Selig, the Securities and Exchange Commission’s crypto task force chief counsel, as the next chair of the Commodity Futures Trading Commission. This strategic move signals a major shift in the administration’s approach to digital asset oversight and represents a significant political victory for cryptocurrency advocates, particularly Gemini founders Tyler and Cameron Winklevoss. The nomination follows the White House’s withdrawal of Brian Quintenz’s earlier nomination after intensive lobbying efforts by industry stakeholders.
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CryptoNews Article 
October 25, 2025 | 11:33
October 25, 2025 | 11:33
CryptoNews Article October 25, 2025 | 01:39
October 25, 2025 | 01:39
Caroline Pham
2 posts last week
Trump Taps SEC Crypto Chief for CFTC, Backed by Winklevoss
President Donald Trump has nominated Michael Selig, the SEC’s Crypto Task Force Chief Counsel, to lead the Commodity Futures Trading Commission, signaling unprecedented coordination between financial regulators on pro-crypto policies. The selection represents a major political victory for crypto billionaires Tyler and Cameron Winklevoss, who successfully lobbied against the previous nominee. Selig’s appointment comes at a critical juncture for the severely understaffed CFTC as it faces massive new responsibilities in regulating both cryptocurrency and emerging prediction markets.
read moreSEC Approves Plume as Tokenized Securities Transfer Agent
The U.S. Securities and Exchange Commission has granted Plume registration as a transfer agent for tokenized securities, marking a significant regulatory milestone that triggered an immediate 31% surge in PLUME token value. This approval enables Plume to bridge traditional securities infrastructure with blockchain technology, representing a major step toward fully compliant tokenized capital markets in the United States while maintaining direct reporting connections to established financial regulators.
read moreSEC & CFTC Align on Crypto Rules in Historic Joint Roundtable
In a landmark shift for U.S. financial regulation, the Securities and Exchange Commission and Commodity Futures Trading Commission have held their first joint roundtable in nearly 14 years, signaling a new era of cooperation on cryptocurrency oversight. The historic meeting revealed both agencies are actively aligning rules to reduce regulatory friction while supporting responsible innovation in digital assets, with SEC Chairman Paul Atkins declaring crypto the agency’s “top priority right now” and CFTC Acting Chair Caroline Pham demonstrating robust enforcement activity through 32 regulatory actions this year.
read moreWhite House Withdraws Quintenz CFTC Nomination Amid Crypto Feud
The White House has abruptly withdrawn Brian Quintenz’s nomination to lead the Commodity Futures Trading Commission, ending an eight-month candidacy that collapsed amid a public feud with crypto billionaires Tyler and Cameron Winklevoss and concerns about his ties to prediction market firm Kalshi. The surprise move leaves the critical financial regulator in temporary leadership as the administration seeks a candidate who can navigate the increasingly complex intersection of traditional finance and digital assets.
read moreSEC and CFTC Pledge Regulatory Harmony for Crypto Markets
U.S. financial regulators are turning a new page on crypto oversight as the SEC and CFTC pledge closer cooperation to reduce regulatory conflicts that have hampered innovation. This significant policy shift comes amid broader changes under the Trump administration, with SEC Chair Paul Atkins declaring the era of regulatory conflict “behind us” and officials emphasizing cooperation rather than consolidation between the agencies.
read moreSEC, CFTC Hold First Joint Crypto Roundtable in 14 Years
In a landmark regulatory development, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission convened for their first joint roundtable in approximately 14 years to discuss coordinated oversight of digital assets. The meeting, featuring Acting CFTC Chair Caroline Pham and SEC Chair Paul Atkins, signals a potential shift toward regulatory harmonization that could significantly impact cryptocurrency companies operating in United States markets.
read moreFantasy Sports App Sues CFTC Over Prediction Market Block
Fantasy sports platform Sleeper Markets has launched a legal offensive against the US Commodity Futures Trading Commission, alleging unprecedented regulatory interference in its bid to enter the rapidly expanding prediction markets sector. The company claims the CFTC illegally obstructed its application to become a futures commission merchant, with acting Chairman Caroline Pham personally directing the National Futures Association to divert the application away from standard approval channels. This high-stakes legal battle represents a critical test case for how innovative fintech platforms can navigate traditional financial regulation frameworks.
read moreCFTC to Allow Stablecoins as Derivatives Collateral
The US Commodity Futures Trading Commission (CFTC) is preparing to allow tokenized assets including stablecoins to serve as collateral in derivatives markets. Acting Chair Caroline Pham’s initiative represents a significant step toward integrating crypto into traditional finance. While non-binding, the proposal has garnered strong support from major crypto industry players who see it as a pivotal moment for market modernization.
read moreSEC, CFTC Host Crypto Roundtable Amid Regulatory Coordination
In a significant move for U.S. financial oversight, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are convening a joint roundtable next week to discuss regulatory harmonization for digital assets. The event will feature executives from major cryptocurrency platforms, including Kraken and Crypto.com, as well as prediction markets Kalshi and Polymarket. This effort to bridge regulatory gaps, however, is set against a backdrop of instability at the CFTC, which is currently operating with only one commissioner, acting Chair Caroline Pham, following a wave of departures this year.
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