# Trump to Nominate Crypto Lawyer Mike Selig for CFTC Chair: Bloomberg

*Author: Jack Inabinet*
*Published: Oct 24, 2025*
*Source: https://www.bankless.com/read/news/president-trump-to-nominate-crypto-lawyer-mike-selig-for-cftc-chair-bloomberg*

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According to an anonymous Trump administration official cited by [Bloomberg](https://www.bloomberg.com/news/articles/2025-10-24/trump-to-pick-michael-selig-for-cftc-chair-amid-crypto-expansion), President Trump is set to nominate Michael Selig as chair of the Commodity Futures Trading Commission (CFTC). Selig is the current Chief Counsel for the SEC’s Crypto Task Force.

### What's the Scoop?
- **Crypto Connection:** Prior to his SEC stint, Selig specialized in digital asset law at Willkie Farr & Gallagher LLP. During his time in private practice, Selig was a frequent CoinDesk contributor and made multiple [appearances](https://www.youtube.com/watch?v=yIKRSDhAf4A) on Bankless to discuss the intersection between crypto and securities law.
- **Industry Endorsements:** Crypto has rallied behind Selig’s nomination. “Mike is one of the best practitioners on how complex products and tech interact with legacy finance systems," [posted](https://x.com/xethalis/status/1981810327655161944) Multicoin general counsel Greg Xethalis. Variant Fund chief legal officer Jake Chervinsky echoed the sentiment, [calling](https://x.com/jchervinsky/status/1973767585285144682) Selig “the real deal: a brilliant lawyer and proven leader perfect for this role.”
- **Nomination Turbulence:** The appointment follows a turbulent nomination process. Last month, Trump withdrew his nomination for a16z policy chief Brian Quintenz  after reported objections from Gemini's Cameron and Tyler Winklevoss, twin billionaire donors to Trump’s campaign.

> President Trump has picked Michael Selig to chair the Commodity Futures Trading Commission, according to an administration official [https://t.co/Yg9JrSY8FR](https://t.co/Yg9JrSY8FR)— Bloomberg (@business) [October 24, 2025](https://twitter.com/business/status/1981805163976278104?ref_src=twsrc%5Etfw)