Michael Selig sworn in as Chairman of the US CFTC

Foresight News reported, according to an official announcement on the CFTC website, Michael Selig has been sworn in as Chairman of the U.S. Commodity Futures Trading Commission (CFTC). In his statement, Michael Selig said, "We are at a unique moment: a wide range of emerging technologies, products, and platforms are constantly appearing, retail participation in commodity markets has reached a historic high, and Congress is about to submit the Digital Asset Market Structure Bill to the President, which will solidify the United States' position as a global center for cryptocurrency. I am honored to accept the significant responsibility of overseeing the stability and security of the U.S. commodity derivatives market during this period of rapid transformation."

Previously, Michael Selig served as Chief Legal Advisor to the SEC's cryptocurrency working group and as Senior Advisor to Chairman Paul Atkins.