The name of the CFTC, which is as important an institution as the SEC for cryptocurrencies, was a matter of curiosity. The CFTC has a huge role in legal regulations regarding crypto. Moreover, with the SEC’s changing attitude with Trump, many cryptocurrencies are under the control of the CFTC, not the SEC.
New CFTC Chairman
President Donald Trump has chosen Michael Selig as president, and this information from inside sources has not yet been officially confirmed. So, is Selig, whose name we will hear much more from now on, a good name for cryptocurrencies? It definitely is. He currently serves as an associate at the SEC and general counsel to the cryptocurrency task force.
So “SEC to cryptocurrencies It is among the main actors of the “embracing” story. We can expect the CFTC to be supportive in the next steps it takes, just like the SEC does. It is very important for the SEC and CFTC to act together, the two institutions have already started meetings to move forward together in crypto regulations.
Now CFTC Now that he is one of the SEC’s crypto task force, we will see much more supportive steps regarding cryptocurrencies.
After Trump won the elections, Selig said the following on November 21, 2024;
“The gens are no more.
Dealer rule canceled.
SAB121, protection proposal, exchange definition proposal and anti-crypto lawsuits finished. “The way is clear for the new administration to develop a crypto-friendly regulatory framework and make America the crypto capital of the world.”
The tone in this post describes him very well.
