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Follow my official X account @ChairmanSelig for the latest @CFTC news and announcements.
Mike Selig
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Personal views only. Official @CFTC Chairman account: @ChairmanSelig.
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I am honored to be confirmed as the 16th Chairman of the @CFTC.
I want to again express my gratitude to President Donald J. Trump @POTUS for placing his trust and confidence in me to lead the agency during this historic time. I also want to thank @SenateAgGOP and the U.S. Senate for a smooth and speedy confirmation, @DavidSacks for his leadership in revitalizing American entrepreneurship, innovation, and productivity by modernizing legacy regulations and cutting red tape, @SECPaulSAtkins and @HesterPeirce for their guidance, wisdom, and mentorship during my time at @SECGov, @CarolineDPham for her strong stewardship of the CFTC as Acting Chairman, @giancarloMKTS for setting an example of principled governance that inspired me to follow in his footsteps, and all who supported me throughout the process.
Today begins a new chapter for the CFTC. We are at a unique moment as a wide range of novel technologies, products, and platforms are emerging, retail participation in the commodity markets is at an all-time high, and Congress is poised to send digital asset market structure legislation that will cement the U.S. as the Crypto Capital of the World to the President’s desk. I welcome the vital responsibility to oversee the stability and security of America’s commodity derivatives markets during this period of rapid transformation. No agency is better suited to pioneer common-sense rules of the road for the new financial markets of America’s Golden Age than the Commodity Futures Trading Commission. Under my leadership, the CFTC will conquer these great frontiers and ensure that the innovations of tomorrow are Made in America.
Onwards.
I want to again express my gratitude to President Donald J. Trump @POTUS for placing his trust and confidence in me to lead the agency during this historic time. I also want to thank @SenateAgGOP and the U.S. Senate for a smooth and speedy confirmation, @DavidSacks for his leadership in revitalizing American entrepreneurship, innovation, and productivity by modernizing legacy regulations and cutting red tape, @SECPaulSAtkins and @HesterPeirce for their guidance, wisdom, and mentorship during my time at @SECGov, @CarolineDPham for her strong stewardship of the CFTC as Acting Chairman, @giancarloMKTS for setting an example of principled governance that inspired me to follow in his footsteps, and all who supported me throughout the process.
Today begins a new chapter for the CFTC. We are at a unique moment as a wide range of novel technologies, products, and platforms are emerging, retail participation in the commodity markets is at an all-time high, and Congress is poised to send digital asset market structure legislation that will cement the U.S. as the Crypto Capital of the World to the President’s desk. I welcome the vital responsibility to oversee the stability and security of America’s commodity derivatives markets during this period of rapid transformation. No agency is better suited to pioneer common-sense rules of the road for the new financial markets of America’s Golden Age than the Commodity Futures Trading Commission. Under my leadership, the CFTC will conquer these great frontiers and ensure that the innovations of tomorrow are Made in America.
Onwards.
I am honored to be nominated by President Trump to serve as the 16th Chairman of the U.S. Commodity Futures Trading Commission. With the President’s leadership, a Great Golden Age for America’s Financial Markets and a Wealth of New Opportunities stand before us. I pledge to work tirelessly to facilitate Well-Functioning Commodity Markets, promote Freedom, Competition and Innovation, and help the President make the United States the Crypto Capital of the World.
President Trump has made an excellent choice in Mike Selig to lead the @CFTC.View quoted post on X
As anyone who knows him will attest, @michaelselig is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s competitiveness in the digital asset era.
Mike has not only been instrumental in driving forward the President’s crypto agenda as Chief Counsel of the SEC Crypto Task Force, he also brings deep experience in traditional commodities markets from his time working at the CFTC under former Chairman Chris Giancarlo @giancarloMKTS.
On behalf of the President’s Working Group on Digital Assets, @patrickjwitt and I look forward to continuing our work with Mike to deliver on President Trump’s promise to make the U.S. the crypto capital of the planet.
Treasury and IRS finalized new tax regulations at the eleventh hour that will make it challenging for defi protocols to function as designed and undermine the next admin’s pro-crypto policy agenda. Congress should reverse the regulations by joint resolution pursuant to the CRA.
crypto tax broker rules finalized; not sure what it's in it yet, but it's likely very very bad:View quoted post on X
stay tuned, also check @CryptoTaxGuyETH and @DumbApe69420 posts
public-inspection.federalregister.gov/2024-30496.pdf
It’s likely some permutation of the ICO will return next year.
SEC responded to 2017 vintage ICOs with regulation by enforcement.
Next SEC should instead create compliant paths for crypto offerings by codifying new exemptions, safe harbors and registration forms via rulemaking.
SEC responded to 2017 vintage ICOs with regulation by enforcement.
Next SEC should instead create compliant paths for crypto offerings by codifying new exemptions, safe harbors and registration forms via rulemaking.
unironically studying the 2017 ICO bubble is probably a great bet to prepare for 2025View quoted post on X
