CFTC's new chairman Michael Selig takes office: The United States' encryption hub status will be further consolidated.

HashBandit · 2025-12-23T01:04:10+00:00

The new chairman of the Commodity Futures Trading Commission (CFTC), Michael Selig, was sworn in, noting that the market is experiencing an increase in emerging technologies and retail investor participation. Selig emphasized his commitment to maintaining the stability and security of the commodity derivation market, and has extensive regulatory experience, particularly in the encryption asset field.

HashBandit

2025-12-23 01:04:10

Abstract generation in progress

[BitPush] The Commodity Futures Trading Commission (CFTC) welcomes a new chairman. According to the official announcement, Michael Selig has officially taken the oath of office.

In the statement of employment, Selig pointed out the current market characteristics: emerging technologies and innovative products are constantly emerging, and retail participation in the commodity markets has reached historic highs. At the same time, Congress is advancing legislation on the structure of the digital asset market, which is seen as a key measure to further ensure the United States' leadership position in the global crypto market. He stated that he would take on the heavy responsibility of maintaining the stability and security of the U.S. commodity derivatives market during this period of accelerated change.

Selig is not a newcomer in the regulatory field. Previously, he served as the chief legal advisor for the cryptocurrency working group at the Securities and Exchange Commission (SEC) and was a senior advisor to SEC Chairman Paul Atkins, participating in policy-making for a long time. Such a background gives him a deep understanding of the complexities of the crypto asset and derivatives markets.

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WinterWarmthCat

· 2025-12-24 21:06

Another SEC person has come to the CFTC. This team is determined to clamp down on us completely.

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GasFeeSobber

· 2025-12-23 16:37

Selig, this guy came from the SEC, it seems the US is going to tighten its grip on encryption even more. The choice is good, having someone who understands the field to lead is definitely better than messing around. The key still lies in how the subsequent bills are pushed forward, it sounds good but is easy to say. Is it true that there will be a new market structure bill? Why does it feel like the rules have changed over and over again in the past two years... Will this wave leave some breathing room for us retail investors? It feels like large institutions are gaining more advantages. Wait, he just took office, will BTC be affected?

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LiquidityNinja

· 2025-12-23 09:48

It's the SEC people again taking over the CFTC, this routine is real... However, Selig indeed has a solid background, being a staunch assistant of Paul Atkins, no wonder he can rise to power. They are definitely going to push for another round of regulation, but to be fair, the U.S. needs people like this to maintain its position as the crypto hub, it's unavoidable. After the Ethereum Spot ETF passes, regulatory scrutiny will flood in, and now it's the futures market's turn... Can retail investors still survive? Haha.

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OffchainWinner

· 2025-12-23 01:33

Here comes another one with SEC background, I'm familiar with this trap, it's all the same tune --- This guy Selig really has some skills, but whether he can truly protect this market is another story --- The U.S. just wants to completely bring the crypto market into its fold; fine, it's just a matter of time anyway --- Wait a minute, will this new chairman's arrival affect the current coin prices? I'm a bit anxious --- Wow, moving from SEC to CFTC, they're weaving a big net, aren't they? --- No matter how nice the words sound, they still want to control; I'll just wait to see if there are any new policies.

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PessimisticOracle

· 2025-12-23 01:33

Here comes another new regulatory figure... But Selig's background is indeed something, can the experience from the SEC be utilized? The U.S. is still struggling with what digital asset legislation, while Europe’s MiCA has already completed its first round, really urgent. To put it bluntly, they still want to stifle the crypto market, nominally for "leadership", but in reality? Heh. Will Selig be on the opposite side of Paul Atkins? Do these two have the same policy philosophy? Retail investors at historical highs... isn’t this the time to be played for suckers? Stability and security, right? What new regulations are coming up again? I really doubt this time will be more "open" than the last session. With the new CFTC chairman in office, the crypto world will again have to watch people's faces, so annoying. This rhythm... the U.S. still wants to monopolize the discourse power in crypto.

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ReverseTrendSister

· 2025-12-23 01:32

Another SEC person parachuted into the CFTC, the U.S. seems determined to make crypto regulation a monopoly. Paul Atkins' faction is gaining more and more power, and future policy directions will likely depend on their mood. It feels like the U.S. is dead set on maintaining a lead in the Web3 race; regulatory compliance is indeed favorable for large institutions, while retail investors have to be more careful. Selig understands law, encryption, and politics; this selection shows some intelligence, but I worry that a one-size-fits-all policy might harm innovation. The U.S. already has a stable position as a crypto center; the key will still be how the market structure bill is implemented. If it’s well-written, it’ll be favorable information, but if it’s poorly written, it’ll just be a reason to play people for suckers.

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JustHereForAirdrops

· 2025-12-23 01:27

Another SEC person? I'm familiar with Selig's tricks, just changing the soup without changing the medicine --- The U.S. is still figuring out how to "lead" the crypto market, but it's already globalized --- Alright, with Paul Atkins backing, at least it's not completely traditional, it might really push some progress --- Retail investor participation is at an all-time high? Those who are entering now are just being played for suckers --- This new chairman wants to stabilize the market right from the start... what, trying to do Market Stabilization for big institutions? --- I feel that as long as the U.S. doesn't act up, the encryption ecosystem can indeed head in a good direction, but it all depends on execution --- Selig is a good choice, but what can the CFTC do, BTC doesn't listen to him anyway.

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FallingLeaf

· 2025-12-23 01:27

Another SEC person is coming to oversee the CFTC, these people are really paying more attention to encryption. Hey, this Atkins's team is really in power positions. The digital asset bill is progressing... it feels like the U.S. really wants to take full control over encryption. Should we be keeping an eye on this side, so we don't get left too far behind? The new chairman is calling for market stability right from the start, does that imply they are going to get serious? The U.S. claims its central position sounds nice, but in reality, it just wants to control the narrative. Wait, he actually understands encryption, which is much better than those previous outsiders.

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MeaninglessApe

· 2025-12-23 01:16

It's another person jumping ship from the SEC; the US is determined to make encryption its own backyard.

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BetterLuckyThanSmart

· 2025-12-23 01:11

Finally, someone who understands crypto has taken the position, securing the status of the U.S. as a crypto center. Selig's background is indeed solid; he has worked with the SEC and has been associated with Atkins, so he knows the ins and outs of policy-making. Congress is advancing the digital asset legislation, and with the new CFTC chairman being knowledgeable, it feels like this wave is about to open up. Retail investor participation is at a historical high, but I'm worried about blanket regulations; I hope Selig doesn't get too strict. The U.S. is making a good move here, essentially buying the dip in Europe and Asia. Paul Atkins and his team really take crypto seriously, much better than the previous batch of old-timers.

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