Michael Selig, the chief counsel for the crypto task force at the U.S. Securities and Exchange Commission (SEC), faced scrutiny from the Senate Agriculture Committee on Wednesday. Lawmakers questioned his potential conflicts of interest and policy views regarding his nomination to chair the Commodity Futures Trading Commission (CFTC). Selig’s responses covered a range of topics, from decentralized finance (DeFi) regulation to the future direction of the CFTC under his leadership. Selig addressed concerns about DeFi regulation during his confirmation hearing. He emphasized that it was crucial to regulate digital asset ... (full story)