Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Michael Selig’s CFTC Nomination Advances to Senate

Michael Selig’s CFTC Nomination Advances to Senate

CoinomediaCoinomedia2025/11/21 05:30
By:Isolde VerneIsolde Verne

Michael Selig’s nomination to head the CFTC clears Senate committee on party-line vote, moves to full Senate for approval.Selig Clears Key Hurdle in CFTC NominationParty-Line Vote Reflects Crypto DivideWhat’s Next for Selig and U.S. Crypto Oversight?

  • Senate panel approves Michael Selig’s CFTC nomination
  • Vote split along party lines amid crypto policy tensions
  • Nomination now heads to the full U.S. Senate

Selig Clears Key Hurdle in CFTC Nomination

Michael Selig’s nomination to lead the Commodity Futures Trading Commission (CFTC) has officially advanced after the Senate Agriculture Committee approved it in a party-line vote. The nomination will now proceed to the full Senate, where a final confirmation decision will be made.

Selig, known for his expertise in digital asset regulation and policy, has drawn support from pro-crypto voices and criticism from some lawmakers wary of loosening federal oversight. His nomination comes at a critical time, as the CFTC’s role in regulating the crypto industry continues to evolve amid legal disputes and calls for clearer jurisdiction.

Party-Line Vote Reflects Crypto Divide

The committee’s party-line vote underscores the growing political divide over how to handle digital asset regulation in the U.S. While some lawmakers view Selig as a forward-thinking choice who understands blockchain innovation, others argue his stance may be too lenient on the rapidly expanding crypto sector.

This split mirrors the broader debate in Washington over which federal agency — the CFTC or the SEC — should have primary authority over digital assets like Bitcoin , Ethereum , and DeFi protocols.

🇺🇸UPDATE: Michael Selig’s nomination to lead the CFTC has cleared the Senate Agriculture Committee on a party-line vote and now heads to the full Senate. pic.twitter.com/slBRWQ7Y5X

— Cointelegraph (@Cointelegraph) November 21, 2025

What’s Next for Selig and U.S. Crypto Oversight?

If confirmed by the full Senate, Selig will play a major role in shaping how the CFTC approaches digital asset markets, derivatives, and tokenized financial products. His leadership could bring more regulatory clarity and potentially more industry engagement — or spark further tension with the SEC.

With the CFTC already overseeing certain crypto-related futures and commodities, Selig’s confirmation would come at a pivotal time for the industry’s legal framework. Crypto stakeholders are closely watching the Senate’s next move.

Read Also:

  • Advocacy Groups Urge Trump to Drop Tornado Cash Case
  • Michael Selig’s CFTC Nomination Advances to Senate
  • Ethereum Drops Below $3K: $2.5K Test Ahead?
  • Solana ETFs See $476M Inflows Despite Sell Pressure
  • Bitcoin Drops to $86K Amid Market Uncertainty
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates: Ark Invest Increases Crypto Portfolio by $39.6M During Market Downturn, Shows Confidence in Future Growth

- U.S. crypto stocks fell 1.45%-4.48% pre-market on Nov 21, mirroring Bitcoin's $91,600 drop and $3.79B ETF outflows. - Ark Invest defied the selloff by adding $39.6M to Bullish, Circle , and Bitmine shares, betting on long-term crypto value. - MicroStrategy's $1.5B Bitcoin accumulation contrasts with its 60% stock decline amid dilution concerns and leveraged liquidations. - Bitmine defends crypto's 12-36 month recovery timeline, citing Ethereum upgrades and asset tokenization potential. - AI/HPC miners su

Bitget-RWA2025/11/21 12:38
Bitcoin Updates: Ark Invest Increases Crypto Portfolio by $39.6M During Market Downturn, Shows Confidence in Future Growth

Citi and Swift Bridge: Traditional Fiat Settlements That Can Be Reversed and Blockchain Settlements That Are Final

- Citi and Swift demonstrated a synchronized settlement mechanism linking fiat currencies and digital assets via a Payment-versus-Payment (PvP) workflow. - The trial used blockchain tools like smart contracts and escrow to align real-time settlements, addressing interoperability demands as stablecoin markets grow toward $1.9 trillion by 2030. - Test USDC tokens on Ethereum’s Sepolia network were coordinated with Swift transfers, mitigating blockchain irreversibility risks and eliminating intermediaries in

Bitget-RWA2025/11/21 12:38
Citi and Swift Bridge: Traditional Fiat Settlements That Can Be Reversed and Blockchain Settlements That Are Final

Hyperliquid's Latest Rise in Trading Activity: An In-Depth Look at On-Chain Liquidity and the Progression of DeFi

- Hyperliquid dominates decentralized derivatives with $317.6B Q3 2025 volume, 73% DEX market share, and $653B quarterly turnover. - HIP-3 growth mode slashed taker fees by 90%, while HyperEVM/HyperCore blockchain enables zero-gas, sub-second trades and cross-chain interoperability. - Platform faces volatility risks: 3 major 2025 attacks including $4.9M POPCAT bad debt incident, exposing thin-liquidity vulnerabilities. - HYPE token surged 640% post-2024 launch with $9.3B market cap, but faces competition f

Bitget-RWA2025/11/21 12:36

PENGU Token's Latest Rally and Technical Perspective: Short- and Medium-Term Prospects in Rising Memecoins Demonstrating Robust On-Chain Activity

- PENGU token surged 12.8% on Nov 18, 2025, amid Bitcoin's 4.3% rise and $35.3B altcoin market rebound. - Technical indicators show mixed short-term potential, with OBV rising but broader trends bearish. - PENGU's NFT ecosystem ties differentiate it from utility-lacking memecoins like Maxi Doge . - Whale accumulation and Solana integration boost liquidity, but low RSI and short interest signal caution. - Volatility risks persist due to speculative nature, regulatory scrutiny, and NFT market saturation.

Bitget-RWA2025/11/21 12:36