Trump's Crypto Czar Backs Mike Selig as New CFTC Chief—What It Means

David Sacks, the White House’s head of crypto and AI, just gave a thumbs up to Trump’s pick of Mike Selig to lead the Commodity Futures Trading Commission. Here’s the play-by-play:

Selig isn’t a random choice. The guy has serious pedigree in the crypto-finance world:

• Served as Chief Legal Advisor to the SEC’s Crypto Task Force
• Previously worked at the CFTC under former Chairman Chris Giancarlo
• Deep expertise in both traditional commodities and digital assets

Why this matters: This appointment signals Trump’s push to modernize US crypto regulation and position America as the global crypto hub. Sacks emphasized that Selig “actively committed to modernizing regulatory approaches” to keep the US competitive in the digital asset era.

The message from the White House Digital Asset Working Group is clear—expect a more crypto-friendly regulatory framework coming down the pipeline. Whether that means clearer stablecoin rules, cleaner commodity classification for crypto, or both remains to be seen, but the direction is set.

This is part of Trump’s broader crypto agenda, and having someone with Selig’s background at the CFTC could be a game-changer for how digital assets are regulated in the US.