Michael Selig, nominated to lead the Commodity Futures Trading Commission (CFTC), has signaled that cryptocurrency regulation will be a primary focus during his tenure. Speaking at his Senate confirmation hearing, Selig highlighted the need for a clear regulatory framework that fosters innovation while safeguarding investors. Selig emphasized the importance of understanding the various services and applications enabled by blockchain technology. He expressed support for a regulatory approach that allows developers to thrive and new exchanges to emerge, ensuring investor protection in the evolving digital asset landscape. He also indicated alignment with the previous administration's desire to shape American cryptocurrency regulation. This proactive stance suggests a potentially significant shift in how the CFTC approaches the oversight of cryptocurrency markets, potentially leading to greater clarity and stability within the industry. The confirmation hearing suggests the US intends to be a part of the future of blockchain and is taking steps in the correct direction to engage in this space. ```