Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Michael Selig’s CFTC Nomination Advances to Senate

Michael Selig’s CFTC Nomination Advances to Senate

CoinomediaCoinomedia2025/11/21 05:30
By:Isolde VerneIsolde Verne

Michael Selig’s nomination to head the CFTC clears Senate committee on party-line vote, moves to full Senate for approval.Selig Clears Key Hurdle in CFTC NominationParty-Line Vote Reflects Crypto DivideWhat’s Next for Selig and U.S. Crypto Oversight?

  • Senate panel approves Michael Selig’s CFTC nomination
  • Vote split along party lines amid crypto policy tensions
  • Nomination now heads to the full U.S. Senate

Selig Clears Key Hurdle in CFTC Nomination

Michael Selig’s nomination to lead the Commodity Futures Trading Commission (CFTC) has officially advanced after the Senate Agriculture Committee approved it in a party-line vote. The nomination will now proceed to the full Senate, where a final confirmation decision will be made.

Selig, known for his expertise in digital asset regulation and policy, has drawn support from pro-crypto voices and criticism from some lawmakers wary of loosening federal oversight. His nomination comes at a critical time, as the CFTC’s role in regulating the crypto industry continues to evolve amid legal disputes and calls for clearer jurisdiction.

Party-Line Vote Reflects Crypto Divide

The committee’s party-line vote underscores the growing political divide over how to handle digital asset regulation in the U.S. While some lawmakers view Selig as a forward-thinking choice who understands blockchain innovation, others argue his stance may be too lenient on the rapidly expanding crypto sector.

This split mirrors the broader debate in Washington over which federal agency — the CFTC or the SEC — should have primary authority over digital assets like Bitcoin , Ethereum , and DeFi protocols.

🇺🇸UPDATE: Michael Selig’s nomination to lead the CFTC has cleared the Senate Agriculture Committee on a party-line vote and now heads to the full Senate. pic.twitter.com/slBRWQ7Y5X

— Cointelegraph (@Cointelegraph) November 21, 2025

What’s Next for Selig and U.S. Crypto Oversight?

If confirmed by the full Senate, Selig will play a major role in shaping how the CFTC approaches digital asset markets, derivatives, and tokenized financial products. His leadership could bring more regulatory clarity and potentially more industry engagement — or spark further tension with the SEC.

With the CFTC already overseeing certain crypto-related futures and commodities, Selig’s confirmation would come at a pivotal time for the industry’s legal framework. Crypto stakeholders are closely watching the Senate’s next move.

Read Also:

  • Advocacy Groups Urge Trump to Drop Tornado Cash Case
  • Michael Selig’s CFTC Nomination Advances to Senate
  • Ethereum Drops Below $3K: $2.5K Test Ahead?
  • Solana ETFs See $476M Inflows Despite Sell Pressure
  • Bitcoin Drops to $86K Amid Market Uncertainty
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hyperliquid (HYPE) Price Rally: DeFi Liquidity Breakthroughs and Investor Outlook in Late 2025

- Hyperliquid (HYPE) introduces HIP-3 Growth Mode and BLP to attract institutional liquidity via fee cuts and shared pools. - Despite 30% usage growth and $2.15B TVL, HYPE's $37.54 price lags key resistance amid volatile sentiment and a $4.9M bid manipulation loss. - Breaking $42.75 resistance could trigger self-reinforcing liquidity growth, but failure risks $35 support breaches and eroded trust in DeFi's institutional readiness.

Bitget-RWA2025/11/22 11:50

Hyperliquid News Today: Doubts from Investors Cause Sharp Drop in AI Shares as Profits Fall Short of Justifying High Valuations

- AI sector stocks plummeted as investors questioned valuations despite strong Q3 earnings from Nvidia ($57B revenue) and AMD , with Nasdaq down 2.2%. - C3.ai faced 5%+ stock declines and 19% YoY revenue drop, deepening partnerships with Microsoft cloud to streamline enterprise AI deployment. - Decentralized platforms like CUDOS Intercloud gained traction, offering cost-effective GPU access via vetted data centers and smart contracts. - Sector struggles with sustainability of valuations, leadership changes

Bitget-RWA2025/11/22 11:30
Hyperliquid News Today: Doubts from Investors Cause Sharp Drop in AI Shares as Profits Fall Short of Justifying High Valuations