Bitcoin enthusiast Michael Selig has officially taken office as the chairman of the CFTC! U.S. encryption regulation enters a new era.

2025-12-23 04:09:31

Bitcoin advocate Michael Selig has officially sworn in as the chairman of the Commodity Futures Trading Commission (CFTC)! In his statement, Selig emphasized that the CFTC is entering a significant transformation period driven by the rise in retail participation and the emergence of new products/platforms. The agency will play a greater role in formulating practical regulatory standards for the digital asset market while maintaining the stability and safety of the derivation market. Selig stated: “We are at a unique moment, with new technologies/products/platforms emerging, retail participation in the commodity market at an all-time high, and Congress set to submit legislation on the structure of the digital asset market, solidifying the United States' position as the 'Crypto Assets Capital.'”

Key Points of Selig's Appointment Statement

Highlights of Selig's statement after the oath:

Key Statement	Details	Meaning
Transformation Phase Driven	Retail Participation Rise + Emergence of New Products/Platforms	Crypto Market Popularization + Innovation Acceleration
CFTC Role	Establish practical regulatory standards for digital assets	More proactive and friendly regulatory framework
Market Maintenance	Ensure the stability and safety of the derivation market	Balance innovation and risk
Unique Moments	Emergence of New Technologies + High Retail Participation + Congressional Legislation	The U.S. Consolidates Its Position as the “Crypto Capital”

Selig Background: Former SEC Crypto Working Group Chief Legal Advisor + Chairman Paul Atkins Senior Advisor, clear pro-Bitcoin stance.

What Does Selig's Appointment Mean for the Crypto Market?

Regulatory Shift: CFTC focuses more on practical standards rather than strict crackdowns - Bitcoin/digital asset derivations may gain a clearer path.
US Positioning: Congressional market structure legislation is about to be submitted, solidifying the “Crypto Capital” - both institutional and retail participation are on the rise.
Short-term impact: Market sentiment boosted, BTC/Crypto Assets may benefit from policy dividends.
Long-term: Balancing innovation and stability, the integration of crypto into mainstream finance accelerates.

Dear Bitcoin Chairman takes office + legislative advancement, the US crypto friendliness may significantly improve by 2026 — the regulatory spring breeze has arrived!

What do you think about Selig's appointment? Let's chat in the comments~ A. Great news, the U.S. crypto capital is stable. B. Regulatory uncertainty remains, waiting and watching. C. Retail participation rise, bull market signal D. Other opinions

Take one step at a time—policy dividends may ignite new flames!

BTC0.19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.