Michael Selig has been sworn in as the 16th Chairman of the US Commodity Futures Trading Commission (CFTC), marking a notable development in crypto market regulation. Known for his pro-cryptocurrency stance, Selig's appointment signals a potential shift toward more favorable regulatory frameworks for digital assets and blockchain innovation. The CFTC oversees derivatives markets and has growing jurisdiction over crypto futures and derivatives trading, making the chairman's position critical for the industry's regulatory direction. This leadership change comes as the crypto market continues navigating evolving compliance landscapes across major economies. Market participants are watching closely to see how Selig's pro-crypto orientation might influence the agency's policies on digital asset classification, trading standards, and institutional participation in crypto markets.