Trump names SEC Crypto Task Force Head Selig as next nominee to run U.S. CFTC. If confirmed, current SEC official Mike Selig would take over the U.S. commodities watchdog as it's poised to be given wide authority over crypto.

"The near-term leadership of the Commodity Futures Trading Commission could be a weighty matter for the crypto industry as the agency is contemplated by current legislative efforts in Congress as a leading regulator of digital assets transactions. If Selig is confirmed by the Senate — a hurdle Quintenz didn't manage to clear — he'll likely be shaping the implementation of new U.S. crypto policies."

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