Michael Selig has been sworn in as Chairman of the U.S. CFTC.

According to Mars Finance, on December 23, Michael Selig was sworn in as Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Selig stated, "We are currently in a critical period: a plethora of new technologies, products, and platforms are emerging, retail participation in commodity markets is at an all-time high, and Congress is about to submit a digital asset market structure bill to the President, which will solidify the United States' position as a global cryptocurrency hub. I am pleased to accept the significant responsibility of regulating the stability and security of the U.S. commodity derivatives market during this period of rapid transformation." Previously, Selig served as Chief Legal Counsel and Senior Advisor to Chairman Paul Atkins of the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Task Force.