Trump’s CFTC Nominee Highlights XRP as SEC’s Crypto Oversight Eases

crypthub

3 days ago

Trump Names Pro‑Crypto Advocate Michael Selig to Head CFTC

President Trump has selected Michael Selig, a well‑known supporter of cryptocurrency, to serve as chair of the Commodity Futures Trading Commission. The appointment has sparked renewed optimism among crypto enthusiasts. Selig has promised to expand freedom, foster innovation, and position the United States as the world’s crypto capital. His commitment echoes his earlier statements clarifying the legal status of XRP, adding further bullish sentiment to the market.

Potential Impact on XRP and Commodity‑Based Crypto Policy

Selig’s nomination suggests a shift toward a commodity‑focused regulatory approach for digital assets. By aligning regulatory language with his past XRP clarification, the move signals stronger support for crypto projects that operate under commodity frameworks. Analysts anticipate that this direction could usher in a new era of policy that encourages growth and investment in the crypto sector.