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Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?
Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission (CFTC). Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump. He will fill the leadership void left by Caroline Pham's departure after her brief but consequential stint as acting Chair. Selig is considered by many within the crypto industry to be pro-crypto. Publicists see his arrival as a mark of a shift at the derivatives regulator just as Congress prepares to hand it broader powers over crypto markets via the CLARITY Act. Selig ... (full story)
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