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Michael Selig, nominated by Trump, has been approved by the Senate committee for the CFTC chairman appointment to go to a full Senate vote.
Golden Finance reported that the U.S. Senate Agriculture Committee approved Trump's nominee for CFTC Chairman, Michael Selig, by a vote of 12 to 11. During the hearing, senators focused on whether the CFTC needs a larger budget for encryption regulation and the agency's independence and partisan balance. Selig stated that he would assess funding needs upon taking office and emphasized the need to establish a clear regulatory framework that protects investors and supports encryption innovation.

