President Trump nominated cryptocurrency regulator Mike Selig to head the Commodity Futures Trading Commission (CFTC), almost a month after the Trump administration withdrew its nomination of Brian Quintenz.

White House AI and crypto czar David Sacks announced Trump's "excellent choice" early Saturday morning. Sacks called Selig "deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s competitiveness in the digital asset era," in a statement shared on the social media platform X.

"Mike has not only been instrumental in driving forward the President’s crypto agenda as Chief Counsel of the [Securities and Exchange Commission (SEC)] Crypto Task Force, he also brings deep experience in traditional commodities market

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