Trump's CFTC Chairman candidate Selig prioritized crypto.

Mike Selig Before the Senate Agriculture Committee

Mike Selig faced a confirmation hearing before the Senate Agriculture Committee following his nomination by former President Donald Trump for the chairmanship of the Commodity Futures Trading Commission (CFTC). Throughout the hearing, digital assets were frequently a topic of discussion.

Selig assured the legislative body that cryptocurrency would be a significant priority in the CFTC's work. He emphasized how cryptocurrencies and other digital assets should be addressed within the regulatory framework.

Furthermore, Selig also mentioned the need to enable the growth of software developers. This has been regarded by some as a controversial point, as some argue that these developers could bear responsibility for creating software that promotes illegal activities.