Crypto-Friendly Nominee for CFTC Chair

Former President Nominates Crypto-Friendly Candidate for CFTC LeadershipThe former president has nominated Scott Selig, a crypto task force advisor, to lead the Commodity Futures Trading Commission (CFTC). This move signals a continued push towards crypto-friendly policies, following the former presidents active courtship of crypto investors and promotion of industry-friendly regulations. Seligs nomination comes after the withdrawal of the previous nominee, Brian Quintenz, and aligns with the proposed CLARITY Act, which could grant the CFTC more authority over crypto spot markets. With only one commissioner currently serving, Seligs confirmation could pave the way for significant changes in crypto regulation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.