US President Donald Trump’s nominee to head the Commodity Futures Trading Commission, Mike Selig, faces his Senate confirmation hearing on November 19, 2025, as Washington moves closer to overhauling crypto oversight.
Selig, currently chief counsel for the SEC’s Crypto Task Force, was officially hired last month after Trump withdrew his previous pick, former CFTC Commissioner Brian Quintenz.
CoinDesk reported in early October that Selig had emerged as one of the frontrunners for the role.
If confirmed, Selig would succeed Acting Chair Caroline Pham as lawmakers resume efforts to finalize the Crypto Market Structure bill, which could grant the CFTC direct authority over crypto spot trading.
The path forward still requires the Senate Agriculture Committee to hold a markup hearing for its bill as well as the Senate Banking Committee to finalize and hold a markup hearing for its own version of the bill. Next, the Senate is expected to take a vote on this combined effort, which, if successful, would send the bill to the House of Representatives for another vote, steps that could push the process back until early 2026.
