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CFTC Chair Michael Selig Expands Crypto Power as Washington Pushes Back Hard
Michael Selig currently serves as the only member of the Commodity Futures Trading Commission. The agency is normally led by five bipartisan commissioners. However, the CFTC can still operate legally with one commissioner. This structure gives Selig broad control over rulemaking, product approvals, and enforcement direction. It also places him at the center of Washington’s crypto policy debate. The issue has grown as Congress considers new digital asset market rules. The CFTC has long overseen futures tied to commodities, energy, and financial products. Yet crypto products and prediction markets have expanded its ... (full story)
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