Mike Selig appointed new CFTC chairman

The Republican-led U.S. Senate has officially appointed Mike Selig as the new chairman of the Commodity Futures Trading Commission (CFTC), Coindesk reported. Selig previously served as a senior legal advisor to the Securities and Exchange Commission's (SEC) crypto task force. According to the report, Selig's leadership is expected to accelerate key tasks within the agency's ongoing "crypto sprint," an initiative focused on intensively reviewing digital asset issues to establish a regulatory framework. The CFTC is currently developing proposals to include stablecoins in tokenized collateral and to integrate blockchain technology into its regulatory system.