Mike Selig Confirmed as CFTC Chair Amid Crypto Regulation Efforts
On December 19, 2025, the U.S. Senate confirmed Mike Selig as chair of the Commodity Futures Trading Commission (CFTC) by a 53–43 vote under Senate Resolution 532. Selig, known for being crypto-friendly, previously served as chief counsel to the SEC Crypto Task Force. He was nominated in October 2025 to replace the administration's earlier pick. His term as CFTC chair will run through April 2029.
Selig will succeed acting chair Caroline Pham, who is set to join MoonPay as chief legal and administrative officer following Selig's swearing-in. This confirmation comes amid the Trump administration's efforts to fill crypto regulatory vacancies. Prior to Selig’s confirmation, the CFTC had been operating with only a single commissioner, limiting its governance and planning capabilities, particularly after the announcement that Rostin Behnam would resign effective January 20, 2025.
The CFTC employs approximately 543 full-time staff, significantly fewer than the SEC's roughly 4,200 employees. This disparity highlights resource gaps as lawmakers continue discussions about expanding the agency's crypto oversight.
