Trump Nominee Mike Selig Set for CFTC Confirmation Hearing as Crypto Bill Advances

Trump’s CFTC pick will face senators just as crypto legislation starts moving through Congress again.

Nov 12, 2025, 3:57 p.m.

U.S. President Donald Trump’s nominee to lead the Commodity Futures Trading Commission, Mike Selig, will face his Senate confirmation hearing on Nov. 19, 2025, as Washington edges closer to reshaping crypto oversight.

Selig, currently chief counsel of the SEC’s Crypto Task Force, was formally tapped last month after Trump withdrew his earlier choice, former CFTC commissioner Brian Quintenz.

CoinDesk reported in early October that Selig had become a frontrunner for the role.

If confirmed, Selig would take over from acting chair Caroline Pham as lawmakers resume their push to finalize crypto market structure bill, which could grant the CFTC direct authority over spot trading in crypto.

The path forward still requires the Senate Agriculture Committee to hold a markup hearing for its bill as well as for the Senate Banking Committee to finalize and hold a markup hearing for its own version of the bill. Then the Senate would need to hold a floor vote on the combined effort, which if successful would send the bill to the House of Representatives for another vote, steps that could push the process into early 2026.

U.S. SEC Chief Atkins Says Clarity Coming on Crypto Tied to Investment Contracts

In the realm of the so-called Howey Test to define investment contracts under SEC jurisdiction, Atkins says there should be a clearer path for crypto involvement.