CFTC Nominee Selig Declares Crypto Regulation Critical Mission in Senate Hearing

President Trump's nominee to lead the Commodity Futures Trading Commission, Paul Selig, has testified before Senate committees that regulating cryptocurrency markets represents a "critical mission" for the federal agency. During his confirmation hearing, Selig emphasized the growing importance of digital assets and the CFTC's vital role in overseeing this rapidly expanding sector. The nominee's statements signal potential regulatory developments for Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies under the commission's jurisdiction. Market analysts view these comments as positive for institutional crypto adoption and regulatory clarity.