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The U.S. Senate will conduct inquiries regarding Trump’s nomination for the CFTC chairman, focusing on the regulatory stance on Crypto Assets.
BlockBeats news, on November 19, according to Reuters, U.S. senators will pressure Michael Selig on Wednesday regarding a series of sensitive issues, including how he plans to reform Crypto Assets regulation and the regulation of election betting. Selig is Trump’s nominee for the chair of the Commodity Futures Trading Commission (CFTC). Selig currently serves as the chief legal advisor to the SEC's Crypto Assets Special Working Group and is an advisor to Paul Atkins, the Republican SEC chair appointed by Trump.