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Trump Nominee Mike Selig Set for CFTC Confirmation Hearing as Crypto Bill Advances
Trump’s CFTC pick will face senators just as crypto legislation starts moving through Congress again.
Nov 12, 2025, 3:57 p.m.
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What to know:
- President Donald Trump's nominee for the U.S. Commodity Futures Trading Commission, Mike Selig, will have his Senate confirmation hearing on Nov. 19, 2025.
- Selig, currently leading the SEC’s Crypto Task Force, was nominated after the withdrawal of former CFTC commissioner Brian Quintenz.
- If confirmed, Selig would oversee the CFTC as Congress finalizes a bill that could give the agency authority over crypto spot trading.
U.S. President Donald Trump’s nominee to lead the Commodity Futures Trading Commission, Mike Selig, will face his Senate confirmation hearing on Nov. 19, 2025, as Washington edges closer to reshaping crypto oversight.
Selig, currently chief counsel of the SEC’s Crypto Task Force, was formally tapped last month after Trump withdrew his earlier choice, former CFTC commissioner Brian Quintenz.
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CoinDesk reported in early October that Selig had become a frontrunner for the role.
If confirmed, Selig would take over from acting chair Caroline Pham as lawmakers resume their push to finalize crypto market structure bill, which could grant the CFTC direct authority over spot trading in crypto.
The path forward still requires the Senate Agriculture Committee to hold a markup hearing for its bill as well as for the Senate Banking Committee to finalize and hold a markup hearing for its own version of the bill. Then the Senate would need to hold a floor vote on the combined effort, which if successful would send the bill to the House of Representatives for another vote, steps that could push the process into early 2026.
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Regulation, derivatives helping drive TradFi institutions into crypto, panellists say
Non-participation in decentralized finance is becoming a career risk for traditional finance professionals, panellists said.
What to know:
- Major financial institutions are expanding into crypto derivatives as clearer U.S. regulation helps make digital assets a mainstream portfolio allocation.
- New products such as overnight rate futures, multitoken indexes and access to DeFi liquidity are enabling institutional investors to move beyond bitcoin into broader crypto exposure and arbitrage strategies.
- Futures and other derivatives, underpinned by a robust industrywide beta benchmark, will channel trillions of dollars of institutional capital into crypto, making non-participation a growing career risk for traditional finance professionals, panellists said.
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